The San Juan Marriott Resort & Stellaris Casino is a hotel and casino located on the beach in Condado, San Juan, Puerto Rico. It is operated by Marriott International.
| San Juan Marriott Resort & Stellaris Casino | |
|---|---|
 | |
 | |
| Address | 1309 Ashford Avenue San Juan, PR |
| Opening date | October 4, 1963 |
| No. of rooms | 525 |
| Total gaming space | 11,000 sq ft (1,000 m2) |
| Casino type | Land-Based |
| Operating license holder | Marriott International |
| Previous names | Puerto Rico-Sheraton Hotel, Dupont Plaza Hotel |
| Renovated in | 1990,2006-2007 |
| Website | San Juan Marriott Resort |
History
edit
The hotel was designed by architects Osvaldo L. Toro and Miguel Ferrer and opened on October 4, 1963 as the Puerto Rico-Sheraton Hotel.[1] Directly on the beach in Condado, it boasted an Olympic-sized swimming pool.[2] Sheraton sold the property to the San Juan Dupont Plaza Corp. of Delaware[3] in 1979[4] and it was renamed the Dupont Plaza Hotel.[3]
On December 31, 1986, the Dupont Plaza was the site of the second deadliest hotel fire in U.S. history, started by disgruntled employees in the middle of a labor/salary dispute. The fire claimed 97 lives and left 140 people injured. The San Juan Dupont Plaza Corp renovated the hotel in 1988, at a cost of $9 million, and renamed it the Palm Hotel and Casino. A reopening was announced for early 1989, but it was cancelled on December 19, 1988, when the Puerto Rican government refused to grant the hotel an operating permit, because the owners had only installed sprinklers in the hotel's first three floors, and not throughout the entire building.[5]
A massive federal trial over the fire began in San Juan on March 15, 1989. It was one of the largest personal damages trials in US history up to that point, with $1.7 billion sought by 2,300 plaintiffs from 250 defendants, including a maze of corporations and subsidiaries involved in the property's ownership.[6] AIG, a lead insurance underwriter supplying coverage for the blaze, ended up acquiring title to the shuttered hotel in June 1989, as part of the settlement of claims arising from the fire.[7]
In October 1992, AIG announced plans to completely renovate the hotel at a cost of $130 million[7] and rebrand it as a Marriott.[8] The hotel reopened on February 16, 1995, as the San Juan Marriott Resort & Casino.[9] It was later renamed slightly, becoming the San Juan Marriott Resort & Stellaris Casino. AIG[10] sold the hotel to Rockwood Capital in August 2011 for $133 million.[11] Rockwood Capital resold it in May 2017 to an unnamed Chinese buyer[12] for $184 million.[13]
Facilities
editThe San Juan Marriott has 525 hotel rooms and a casino. In addition, the hotel has 8 meeting rooms with a total of 10,900 sq ft (1,010 m2) of meeting space.
See also
edit
References
edit- ^ "In Re San Juan Dupont Plaza Hotel Fire Litigation, 687 F. Supp. 716 (D.P.R. 1988)". Justia Law.
- ^ LLC, New York Media (August 19, 1974). "New York Magazine". New York Media, LLC – via Google Books.
- ^ a b "Investigators confirmed the fire that roared through the Dupont..." UPI.
- ^ Nordheimer, Jon (2 January 1987). "DEATH TOLL AT 43, 100 INJURED IN FIRE IN SAN JUAN HOTEL - The New York Times". The New York Times.
- ^ "Renovated Dupont Plaza hotel lacks sprinklers". UPI.
- ^ "Dupont Plaza damages trial begins Wednesday". UPI.
- ^ a b "AIG TO INVEST $130 MILLION TO REBUILD PUERTO RICO'S BURNT-OUT DUPONT HOTEL". www.joc.com. October 27, 1992.
- ^ "PUERTO RICO HERALD: Marriott Gets Aggressive In Puerto Rico". www.puertorico-herald.org.
- ^ "The San Juan Marriott Resort & Stellaris Casino Receiving $35 million Renovation; 402 Guestrooms, Ballrooms and Casino Getting Total Makeover / April 2006".
- ^ HighBeam
- ^ Ryan, Frances (August 2011). "San Juan Marriott sold for $133 million". Caribbean Business. 39 (30): 2.
- ^ "San Juan Marriott Sold to Buyer from China". Caribbean Journal. May 11, 2017.
- ^ "Chinese investor buys Marriott casino hotel in San Juan for $184M". The Real Deal Miami. May 7, 2017.
External links
edit