Henderson Park Acquires Puerto Rico Hotel
CHARLESTON, South Carolina, and BOSTON, Massachusetts—Henderson Park announced that it has completed the acquisition of Hyatt Regency Grand Reserve Puerto Rico in Río Grande, Puerto Rico. Pyramid Global Hospitality has been selected to operate the hotel. The acquisition of the resort through a joint venture between Henderson Park and Pyramid marks both companies’ first investment in Puerto Rico.
Property Details
Hyatt Regency Grand Reserve is a beachfront resort situated on a private peninsula in Río Grande, Puerto Rico, flanked by the Atlantic coastline and the El Yunque National Forest. The resort includes 579 guestrooms, suites, and villas; four pools; 37,000 square feet of flexible indoor and outdoor meeting and event space; fourteen dining and drink venues; the full-service Rainforest Spa; access to a 27-hole championship golf course; tennis and pickleball, and more.
Statements From Leadership
Nick Weber, chief executive officer and founder of Henderson Park, said, “Puerto Rico represents a highly attractive institutional market, and we have long sought the right opportunity to establish our presence here. We have found that in the Hyatt Regency Grand Reserve. This investment is supported by compelling fundamentals, including robust demand from the U.S., expanding airlift, favorable tax incentives, and strong market dynamics. The island’s distinctive culture, vibrant community, and natural beauty make it a compelling destination for travelers and a place where we are proud to invest. We look forward to continuing to grow our presence in Puerto Rico over the long term.”
Warren Fields, chief executive officer of Pyramid Global Hospitality, said, “Hyatt Regency Grand Reserve represents an important opportunity for our team and a meaningful milestone as our first hotel in Puerto Rico, a market that has shown lasting strength and resilience as both a leisure and commercial destination. Our focus will be on supporting the resort associates who deliver the guest experience every day, while also applying the disciplined operations, leadership, and performance mindset our partners expect across this complex, destination-driven resort.”
