Paulson Buys Majority Piece Of Puerto Rico Beach Resort

Law360, New York (September 23, 2013, 1:45 PM ET) -- New York hedge fund Paulson & Co. Inc. said Monday that it has acquired a controlling interest in two Puerto Rico resort properties through a majority recapitalization after denying reports earlier this year that founder John Paulson was moving to the island.

John Paulson's hedge fund took over a majority stake in BBP Partners, a joint venture between Puerto Rico developers Interlink Group and Munoz Holdings. The properties in the deal are The St. Regis Bahia Beach Resort and the Bahia Beach Resort & Golf Club,...
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