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In Brief: Henderson Park has completed the acquisition of the Hyatt Regency Grand Reserve in Río Grande, Puerto Rico, through a joint venture with Pyramid Global Hospitality, which will operate the property.
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Hyatt Regency Grand Reserve in Puerto Rico – Image Credit Hyatt
Henderson Park has completed the acquisition of the Hyatt Regency Grand Reserve in Río Grande, Puerto Rico, through a joint venture with Pyramid Global Hospitality, which will serve as the operating partner. This marks the first investment in Puerto Rico for both Henderson Park and Pyramid Global Hospitality.
The Hyatt Regency Grand Reserve is located on a private peninsula in Río Grande, bordered by the Atlantic coastline and the El Yunque National Forest. The resort features 579 guestrooms, suites, and villas; four pools, including the largest lagoon-style pool on the island; 37,000 square feet of flexible indoor and outdoor meeting and event space; and fourteen dining and drink venues. Additional amenities include the Rainforest Spa, access to a Tom Kite–designed 27-hole championship golf course, and tennis and pickleball facilities.
Under the new ownership, Pyramid Global Hospitality will manage the 579-room beachfront resort. The property will undergo targeted capital investments to enhance offerings for both group and leisure segments. The joint venture expands the existing partnership between Henderson Park and Pyramid Global Hospitality, which also includes management of the Arizona Biltmore, LXR Hotels & Resorts in Phoenix, Arizona; Naples Grande Beach Resort in Naples, Florida; and La Quinta Resort & Club in Palm Springs, California.
