Real estate, hospitality and leisure in Puerto Rico

McConnell Valdés LLC

The powerhouse real estate department at McConnell Valdés LLC remains a leader in the marketplace, leveraging the bench strength of its team to assist developers, domestic and multinational financial institutions, and corporates in the hospitality and tourism sectors with day-to-day matters and high-value transactions. The team is headed by practice group chairman Jorge Ruiz-Montilla, who brings expertise to planning and structuring resort communities and timeshares, and hotel and condominium projects, and vice-chair and resort development expert Patricia George-Iguina, who is the managing director of McV Consulting, an affiliate of the firm engaged in real estate and hospitality advisory services, and who also specialises in the structuring of tax concessions for tourism projects. Other key figures include Harry Cook, who advises clients on the structuring of real estate joint ventures, the creation of protective covenants for resort communities and the planning of timeshares, condominiums and lot development programmes, and Carla D’Almeida-Aracena, a specialist in matters involving mortgage law and commercial financing.

Responsables de la pratique:

Jorge Ruiz-Montilla; Patricia George-Iguina


Principaux clients

UBS Trust Company


Strattam Capital


Forbright Bank


Maxxam


Toro Verde


AmeriNational Community Services


Sonesta International Hotel Corporation


Destilería Serrallés


Alma Old San Juan Hotel


Principaux dossiers


  • Acting as lead counsel to developer Discovery Land Company in the request for proposal process and issuance of an award for the development of a 50-room hotel, a golf course and 302 luxury residences in the former Roosevelt Roads Naval Base.
  • Acting as lead counsel to DBR West Point on the real estate and sales matters relating to the development of the West Point Ritz Reserve branded units at the Dorado Beach Resort.
  • Acted as sole counsel in the representation of the seller in the sale of an entity owning a 202-room hotel in Carolina, Puerto Rico.

O'Neill & Borges

The real estate group at O'Neill & Borges remains a force in the market, drawing on the experience of its team to represent commercial, industrial, residential and hotel developers, institutional investors, insurers, financial institutions, asset managers, advisors, construction companies and multinational corporates across such sectors as retail, media, tech, telecoms, energy and hospitality, involved in acquisitions, development and construction for major projects. Key contacts include Javier Vázquez-Morales, Alfredo Alvarez-Ibañez, Walter Alomar, Juan Aquino, Viviana Miranda Ortiz and Marta Ramírez-Isern.

Principaux dossiers


Ferraiuoli LLC

The real estate team at Ferraiuoli LLC brings strength to advising developers, tenants, lenders, brokers, investors and landlords of commercial and residential spaces on matters ranging from the acquisition and disposition of assets, construction and bank finance to leasing, property management, the transfer of real property, mortgages, easements and restrictive covenants. Eduardo Tamargo-Motroni, José Díaz-Brugueras, Eidalia González-Tosado and Héctor Lebrón-González are key contacts.

Principaux dossiers


Estrella LLC

The real estate group at Estrella LLC employs the expertise of its team to advise title insurance companies and domestic and multinational corporates across such sectors as hospitality, retail, building materials and real estate on matters ranging from sales, purchases, leasing, landlord-tenant issues, property development and financing to mortgages, due diligence, environmental compliance and litigation. The team is headed by veteran litigator and arbitrator Odemaris Chacón Varona, who draws on over 20 years of experience in the practice area. Senior associate Alejandro García specialises in purchase, sale and lease agreement deeds.

Responsables de la pratique:

Odemaris Chacón Varona


Les références

‘Their availability and knowledge are key factors for our company.’

Principaux clients

Stewart Title Guaranty Company


Principaux dossiers


  • Acting for a bank, the insured of Stewart Guaranty Title Company, in a lawsuit against an individual debtor who had sold a property to a corporation and allegedly did not disclose the existence of the mortgage lien on the property to the new owners, who claimed they were good faith third-party buyers.