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This $175 million Convention Center Headquarters Hotel and Entertainment Complex includes a 500–room first class full–service hotel, a casino, a nightclub, structured parking, multi–screen cinema and additional retail. This largest mixed–use commercial real estate project in Puerto Rico’s history will anchor the new 580,000–sq. ft. Puerto Rico Convention Center in downtown San Juan. The Garfield Traub team’s innovative public/private financing solution combines private equity, federal tax credits, and first mortgage debt that is credit enhanced by a private lender letter of credit and the Tourism Development Fund, a subsidiary of the Government Development Bank of Puerto Rico. The development team comprises a winning combination of national hospitality experts and local businesses.
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