Rumor has it that Caribbean Properties Group has bought controlling interest (85%) in the Decameron Hotel at Costa Blanca for $146 million. With Major Shareholders of CPG being Goldman Sachs they should be well capitalized for expansion and future growth.
About Caribbean Property Group (CPG) CPG is focused on making investments in primary real estate assets
in the Caribbean and Central America. The company owns approximately
$2 billion in real estate assets in Puerto Rico, including 5.8 million
square feet of retail space, 2.2 million square feet of warehouse
space and 300,000 square feet of office space. CPG also owns two major
hotel-casinos, both in San Juan. CPG, along with joint venture
partners, focuses on acquiring income-producing, fixed real estate
assets in the Caribbean and Central America across four
platforms--hotel, retail, office and industrial.
