St. Regis Breaks Ground on $172M Puerto Rico Resort

More than two years after it was initially proposed, St. Regis Hotels & Resorts and a Puerto Rico-based developer are moving forward with the construction of a $172 million luxury resort at Bahia Beach, Puerto Rico. As reported June 1, 2006, by CPN, Starwood Hotels & Resorts Worldwide Inc. entered into an agreement with BBP Partners L.L.C. of Puerto Rico to develop the 483-acre site into a community of high-end hotel rooms and suites, estate homes and golf villas. BBP Partners is comprised of Interlink Group and Munoz Holdings Inc. Originally expected to open this year, the St. Regis Resort and Residences Bahia Beach, Puerto Rico, is now slated for a fall 2010 opening. The resort will feature 139 upscale guest rooms and suites; 25 residences; a Remedesm Spa; 120-seat restaurant by renowned chef Jean-George Vongerichten and the recently opened 18-hole golf course designed by Robert Trent Jones Jr. Amenities include the St. Regis Butler service. Restaurants and shops are being built as part of the Bahia Village seaside town center. The island’s first five-star resort, the community is being built with attention to preservation and enhancement of the environment and sustainable and conservation-oriented development standards. The complex was recently cited as a Certified Gold Audubon International Signature Sanctuary, the first Caribbean resort to receive the designation. Built along a two-mile oceanfront stretch, St. Regis Resort and Residences, Bahia Beach, is also near the El Yunque National Rainforest and Espiritu Santo River. Several of the 25 estate homes, known as Las Estancias, have already been built. One of the first luxury residences, ranging in size from 6,000 to 10,000 square feet, has been bought by New York Mets outfielder Carlos Beltran. The first phase of Las Verandas golf villas, condominiums of approximately 1,500 to 3,500 square feet, has also been completed and occupied. Starwood is expanding the St. Regis brand across the globe. In two years, it is expected to open The St. Regis Residences at the Venetian Palazzo, Las Vegas, according to a Sept. 5, report by CPN. The agreement between Starwood and Las Vegas Sands Corp. calls for Starwood to manage 398 private luxury residences in a $600 million residential tower under construction on The Strip between The Venetian and The Palazzo. Starwood also plans to open The St. Regis Hotel Dubai in the United Arab Emirates in 2012 and The St. Regis Kuala Lumpur in Malaysia in 2014. The brand will also be expanded to Bahrain and Africa.