PROJECT FUNDED

Real Estate 506(c)

Old San Juan, Puerto Rico

Opportunity Zone Investment

19%
Projected IRR

Capital Raised
$10,000,000

Investment Overview

Plaza Colón Hotel & Suites is a beautiful six-story, 40,188 square foot boutique property overlooking historic Plaza Colón in the heart of Old San Juan, Puerto Rico.

This prime location receives heavy foot traffic as the natural entry point to the neighborhood, is two blocks from Fort San Cristóbal, a UNESCO world heritage site and one of the most popular tourist attractions in all of Puerto Rico, and is just four blocks away from the main port for cruise ships.

After a complete renovation, Lifeafar plans to reopen the property in Q2 of 2021 and offer guests a comprehensive selection of hospitality amenities rarely found in Old San Juan.

Plaza Colón Hotel & Suites is located in a Qualified Opportunity Zone, which means investors can reduce, defer, and eliminate their capital gains tax liability by making an eligible investment.

Property Details

The hotel will have nine luxurious four- and five-bedroom apartments and 24 deluxe hotel rooms including two executive suites with balconies and premium views.

The ground floor 6,000 square foot artisanal food hall and stunning rooftop restaurant and bar will delight guests and attract the huge influx of daily tourists with unique food and beverage options not available anywhere else in the Old City.

Other features of the property include a modern fitness center and yoga studio as well as spacious common areas.

Photos

Old San Juan Snapshot

Old San Juan has been called the Paris of the Caribbean, and its colorful architecture, rich history, abundant museums and shopping, excellent cuisine, incredible beaches, and perfect climate make it a growing tourism destination. This is especially true for United States citizens who prefer to travel to beautiful destinations passport-free and spend USD.

With its proximity to the main square, main cruise port, and top-rated tourist attractions, Plaza Colón Hotel & Suites is well-positioned to profit from Old San Juan’s future growth.


Additional Reading

PROJECT FUNDED
Plaza Colón Hotel & Suites Brochure

Download The Investment Package