This 579-Room Caribbean Beachfront Resort Just Sold for $190 Million — and the Buyers Have Big Plans
Henderson Park and Pyramid Global Hospitality acquired the Hyatt Regency Grand Reserve in Puerto Rico, marking both firms first investment on the island.
The Hyatt Regency Grand Reserve, a 579-room beachfront resort in Río Grande, Puerto Rico, has been acquired by private equity firm Henderson Park and operating partner Pyramid Global Hospitality for $190 million.
The deal marks both companies first investment in Puerto Rico. The property sits on a private peninsula and features four pools — including what both companies called the largest lagoon-style pool on the island — along with 37,000 square feet of event space, 14 food and beverage venues, a full-service Rainforest Spa, a 27-hole championship golf course, and tennis and pickleball courts.
Henderson Park founder Nick Weber said Puerto Rico represents a "highly attractive institutional market" and pointed to robust demand from the U.S., expanding airlift, and favorable tax incentives as drivers behind the investment.
The resort is slated for capital improvements aimed at elevating its group and leisure offerings, though no timeline or cost estimate has been disclosed. The acquisition expands Henderson Park's portfolio to more than $5 billion in hotels with over 12,000 keys under management.
Pyramid Global already manages several Henderson Park resort assets, including the Arizona Biltmore and Naples Grande Beach Resort in Florida. The firm oversees about 200 properties across the U.S., Caribbean, and Europe.
The deal comes amid a surge in hotel investment activity. U.S. hotel transactions showed strong momentum in the first quarter of 2026, with private equity accounting for 34% of deals, according to JLL. The Hyatt Inclusive Collection continues to be a major force across the Caribbean and Mexico.
