condado-palm

Condado Palm Inn & Suites

Location: San Juan
Brand Affiliation: Best Western


This property was originally opened in 1961 and operated into 2010 as an independent hotel and casino. The hotel was acquired by a group of new owners and IHE assumed its management and quickly identified the need for a budget hotel with specialty suites designed for extended stays product in the middle of the Condado area. After reviewing various brands, it was determined that Best Western Plus was the best affiliation fit for the budget traveler.

A $20 million renovation aimed at giving the hotel a fresh, bright and tropical ambience that showcases the versatile interior layout, hence substituting the casino operation with an extended living room, fitness facilities, business center, and a meeting venue.

It opened under the IHE management in 2013 and within a year of operation, the hotel has been recognized as one of the Top 10 hotels in San Juan and closed its first eight months with 80% occupancy.

Performance 2015:
Occupancy: 90%
Average Rate: $151
RevPAR: $136