Henderson Park has acquired the Hyatt Regency Grand Reserve 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.
“Puerto Rico represents a highly attractive institutional market, and we have long sought the right opportunity to establish our presence here,” said Nick Weber, CEO/founder, Henderson Park. “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.”
The beachfront resort is situated on a private peninsula in Río Grande, flanked by the Atlantic coastline and the El Yunque National Forest. It features 579 guestrooms, suites and villas; four pools, including the largest lagoon-style pool on the island; 37,000 sq. ft. of flexible indoor and outdoor meeting and event space; 14 dining and drink venues; the full-service Rainforest Spa; access to a Tom Kite–designed, 27-hole championship golf course; tennis and pickleball, and more.
Under its new ownership and management, the property will undergo targeted capital investments to elevate the resort’s offering across both group and leisure segments.
“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,” said Warren Fields, CEO, Pyramid Global Hospitality. “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.”
