A boutique hotel has opened its doors in the Condado district of San Juan, Puerto Rico. The Ivy Hotel is the product of a $1 million investment by Rafal Pagan, who now has a portfolio of three hotels in Condado, including the Wave Hotel and the El San Geronimo Hotel.
âDespite the challenges that global tourism is going through as a result of the Covid-19 pandemic, in Puerto Rico, we confirm the strength and resilience of this economic activity with an aggressive pipeline of new investments in the sector,â said Carla Campos, executive director of the Puerto Rico Tourism Company. âThe transformation of The Ivy Hotel, located at the beginning of Avenida Magdalena, is testimony to the above. We acknowledge and congratulate its investor and owner, Mr. Rafael Pagán, for his vision and for continuing to invest in Puerto Rico tourism, even in the most challenging moments. The transformation of this property is key to continue raising the standards of the hotel offering in