News / Driftwood Capital acquired hotel in Old San Juan, Puerto Rico

Driftwood Capital acquired hotel in Old San Juan, Puerto Rico

🕔 October 4, 2021
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Driftwood Capital has announced that it acquired the Sheraton Old San Juan located in Old San Juan, Puerto Rico. The property is a 240-room hotel and a 27,50 sq. feet retail complex. The four stars hotel is close to the city's marina and old city center. 

Driftwood will undertake a full-scale renovation of the complex and convert it to a Tribute by Marriott. The hotel will be managed by Driftwood Hospitality Management. The property will feature a new concept for the second-floor restaurant of the hotel, creating a space to attract hotel guests and cruise ship visitors. The restaurant has views of Old San Juan Harbor. 

Sheraton Old San Juan features the main building, which is a nine-story, 180,739-square-foot property with 240 rooms, including 44 suites; 9,113 sq. feet of meeting space with 10 rooms, a rooftop pool, a business center, a fitness center, and two restaurants. In addition, the property includes a two-story retail complex. Some of the complex's tenants include Walgreens, Senor Frogs, Harley Davidson and Nespresso.

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