Caribe Hilton San Juan Hotel in Puerto Rico Listed for Sale

February 7, 2024

Caribe Hilton San Juan Hotel - Exterior

Caribe Hilton San Juan Hotel

CBRE and JLL present the landmark Caribe Hilton to the investment community. Highly profitable and situated on its own 17-acre waterfront peninsula in the Condado district, this renovated 652-key resort offers tremendous upside potential in San Juan, a city with 30-years of limited supply growth, 2nd highest RevPAR in the US in 2021, and a favorable tax environment.

This historic Resort has several distinct features that make it stand out among other assets in the market, such as a protected beachfront experience, the most meeting space of any hotel in San Juan, and a recent $160+ million renovation.

Investment Highlights

  • Strong in-place cash flow
  • The Resort recently underwent a $160 million ($245k/key) transformative renovation
  • Exceptional location within the exclusive Condado district, San Juan's most well-established lodging submarket with a scarcity of developable land, mitigating the threat of new supply
  • Significant discount to estimated replacement cost
  • U.S Jurisdiction & favorable tax environment
  • Excellent accessibility with the Caribbean's busiest airport, SJU, and the Port of San Juan

Value-Add Opportunities

  • Potential for additional development (including hotel and/or residential) through use of significant remaining density and available land on site
  • Lease currently vacant retail spaces
  • Resort fee increases
  • Opportunity for additional F&B outlets and/or event space
  • Grow the spa & fitness membership business & improve its profitability
  • A new Hilton landscape: 1,113-keys have been removed from the Hilton system over the past several years. El San Juan converted to a Fairmont and El Conquistador is now independent

For inquiries visit here.

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