Last updated: 04:09 PM ET, Mon September 21 2015

Two San Juan Buildings To Make Way For New Condado Hotel

Hotel & Resort | Brian Major | September 21, 2015

Two San Juan Buildings To Make Way For New Condado Hotel

PHOTO: Two buildings in San Juan’s Condado district will be demolished to make way for a new property, said PRTC officials Monday. (Photo by Brian Major)

Demolition began recently on two large buildings on Ashford Avenue in San Juan, Puerto Rico’s Condado resort district. The project marks the beginning stage of an “ambitious” $30 million hotel project designed to continue the area’s restoration in recent years.

The Puerto Rico Tourism Company (PRTC) is partnering with developer AC Condado LLC to demolish the vacant buildings at 880 and 884 Ashford Avenue, replacing them with an as-yet unnamed hotel property said Ingrid I. Rivera Rocafort, PRTC’s executive director, in a statement issued Monday.

“With an investment of approximately $30 million in various stages of construction, this project will redevelop the space occupied by two buildings that have been damaged and unused for decades and transform them into an area of hospitality,” said Rivera Rocafort.

“This new structure, which will have 164 rooms, will create nearly 375 jobs during the construction phase and 150 jobs during the operation, undoubtedly boosting our economy,” she added. "We are extremely excited about this project and how it will contribute to the tourist area in Condado.”

Puerto Rico’s tourism stakeholders have supported efforts in recent years to revitalize the Condado district, which experienced a hotel boom in the 1950s and 1960s that saw the construction of still-existing properties including the Caribe Hilton Hotel and La Concha Resort. These properties and others along Ashford Avenue, the district’s main street, have undergone multi-million dollar renovations in recent years.  

"The rebirth of Condado is real,” said Alberto Baco Bague, Puerto Rico’s minister of economic development and trade. He added, “There have been a number of private investments in tourism projects as part of this redevelopment, including the Regency Hotel renovation, the reconstruction of San Juan Beach, the expansion of the Marriott Hotel and the reopening of Hotel Ambassador.”

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