Hospitality investment firm LionGrove announced Thursday the purchase of the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort in Rio Grande, Puerto Rico. The resort is set to continue to be part of the Wyndham Hotels & Resorts family and will retain its current Wyndham Grand brand.
“We are extremely pleased with this fantastic new addition to the LionGrove portfolio,” said Andro Nodarse-León, founder and CEO of LionGrove. “We now own three fantastic hotels and operate two of them on the beautiful Island of Puerto Rico, representing almost 900 keys in combined rooms inventory.”
The Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort is located on approximately 600 acres of land. The resort features a casino, 400 guestrooms; nine restaurants; two championship golf courses designed by Troon Golf; 11 Har-Tru and two Laykold tennis courts; spa; and approximately 100,000 square feet of diverse indoor and outdoor spaces for wedding events, conferences, and conventions.
Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort joins the Wyndham Palmas Beach & Golf Resort as the second Puerto Rico resort to be owned and operated by the LionGrove team. “This latest acquisition grows the LionGrove family to approximately 750 team members across the two hotels we operate,” Nodarse-Leon added.
“With this acquisition, our firm grows as a unique, innovative hotel owner and operator while very favorably impacting the Puerto Rico hotel industry, economy, and community,” said Chris Sariego, Senior Managing Director and COO of LionGrove. “With our extensive expertise in the management and ownership of resort properties, we will ensure this amazing property and all of our other hotels in Puerto Rico reach the highest levels of excellence.”
Furthermore, Amadeo Zarzosa, LionGrove’s Senior Vice President, has been appointed as General Manager for the Wyndham Grand Rio Mar. “LionGrove has an incredible team of professionals that is committed to enriching the lives of our guests and team members,” Sariego concluded.
The property is located about 30 minutes from the San Juan metropolitan area and in front of the ocean, providing views of the Rio Grande beach. It features “two miles of beachfront and picturesque views of El Yunque National Forest, the only tropical rainforest in U.S.,” according to a press statement.
Original article: https://www.yogonet.com/international/news/2022/06/06/62898-liongrove-acquires-wyndham-grand-rio-mar-in-puerto-rico-appoints-svp-as-the-venue-39s-general-manager
