Paulson & Co. Pays $260M To Snap Up Puerto Rico Resorts

Law360, New York (March 11, 2014, 11:24 AM EDT) -- New York-based investment firm Paulson & Co. Inc. has nabbed a majority interest in two oceanfront resorts in Puerto Rico for $260 million, marking a new partnership with the Puerto Rico-focused hotel owner and operator International Hospitality Enterprises, according to a Monday statement.

The investment includes an interest in La Concha Renaissance Hotel and Tower as well as the Condado Vanderbilt and its accompanying condominium towers in the Condado district of San Juan, according to a statement. The price tag also covers the final stages of...
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