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Willowbend to Manage New Resort in Puerto Rico

BOSTON-Locally-based Willowbend Development Corp. will manage Fairmont Hotels & Resort's newest resort in Puerto Rico. The $140 million project, which should be completed by fall of 2003, is Fairmont's third property in the Caribbean.

By Naomi Grossman | Updated on January 18, 2001

BOSTON-Fairmont Hotels & Resorts signed a letter of intent with locally-based Willowbend Development Corp. to manage a new resort on Rio Grande in Puerto Rico. Puerto Rico-based Betteroads Asphalt Corp. has also signed on to manage the 400-room resort. Construction on the hotel will begin later this year and is slated to be completed in fall of 2003.

The $140 million project will include a 12,000 sf spa, a 36-hole golf course and 30,000 sf of meeting space. The resort will be located 25 miles from the city of San Juan and is Fairmont’s third resort in the Caribbean. The hotel management company now has 37 properties in the US, Canada, Mexico, Bermuda and the Caribbean.

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