Henderson Park acquires Hyatt hotel in Río Grande

The Hyatt Regency Grand Reserve in Río Grande has new ownership. (Facebook via Hyatt Regency Grand Reserve Puerto Rico)

By THE STAR STAFF

Henderson Park, an international private equity real estate firm, announced that it has completed the acquisition of Hyatt Regency Grand Reserve in Río Grande, according to a statement issued Thursday.

Pyramid Global Hospitality, a management company, 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.

The cost of the purchase was not provided. 

Hyatt Regency Grand Reserve is a beachfront resort situated on a private peninsula in Río Grande, flanked by the Atlantic coastline and 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; 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. Set across lush grounds, the resort serves as a destination for leisure travelers, as well as for large-scale groups and events.

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.

“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,” said Nick Weber, CEO and founder of Henderson Park. “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, CEO of Pyramid Global Hospitality, added that the company’s 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.”