Investment Group to Inject $200 Million into Puerto Rican Resort
The Encanto Group, a Puerto Rican company funded by U.S. investors, said it acquired the Punta Candelero Beach Resort Hotel and the Palmas del Mar marina in Humacao, a city on Puerto Rico’s east coast, and planned to invest $200 million to renovate the properties.
The deal, whose cost was not revealed, includes the Solarea Beach Resort, the Yacht Club Marina and 9.7 hectares (24 acres) of oceanfront land.
The Encanto Group plans to build a beachfront hotel and residences, creating 400 jobs during the construction phase.
The company’s goal is to create a world-class beach destination and a watersports center catering to current residents and people thinking about moving to Puerto Rico, Encanto Group spokesman Alex Lemond said in a statement.
Puerto Rican Economic Development Secretary Alberto Baco praised the project, adding that the Encanto Group was joining other investors who are making a bet on the island’s future.
The press reported in recent weeks that New York-based financiers John Paulson, a billionaire hedge fund manager, and Nicholas Prouty had invested in properties and land in Puerto Rico.
Published in Latino Daily News
Source: http://www.hispanicallyspeakingnews.com/latino-daily-news/details/investment-group-to-inject-200-million-into-puerto-rican-resort/29327#When:17:23:13Z
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,675,435 |
| Stories: | 8,451,010 |
Whistler Blowers, Insiders
