Lionstone Development Expands Caribbean Portfolio
MIAMI, FL, April 21, 2008. Miami-based Lionstone Development, L.L.C. through its affiliated companies, announced two new hotel acquisitions in the Caribbean, expanding the company's existing portfolio to six resorts. The newly acquired properties include The Beach House, a luxury boutique hotel in San Juan, Puerto Rico and Floris Suite Hotel, a design resort in Piscaderabay, Curacao. Lionstone and its affiliates resort holdings include properties in Aruba, Curacao, St. Thomas, Miami's South Beach, and now, Puerto Rico.
In Puerto Rico, Lionstone's affiliate purchased San Juan's only beachfront boutique hotel, The Beach House, a private oceanfront hideaway boasting awe-inspiring views of the Atlantic Ocean. Comprised of 17 chic guestrooms, the property embodies the relaxing vibe of the Caribbean. Hotel visitors can enjoy the best of the local nightlife on-site at the La Folie Salon & Lounge, surrounded by d'ecor evoking the French baroque era and the Moulin Rouge. The hotel also features a luxury restaurant, Caf'e La Plage, which will soon offer guests a revamped menu under the guidance of a newly appointed executive chef.
Lionstone's affiliate also increased their presence in Curacao with the addition of the Floris Suite Hotel, a luxurious all-suite resort with access to its own private beach. Created by the renowned designer Jan des Bouvrie, each of the property's 71 suites feature natural stone tile floors, solid mahogany doors and windows, and furniture evoking a Dutch colonial style with Caribbean flair. Guests can bask at Hook's Hut, the property's private beach, or enjoy the ocean's underwater beauty with Hook's Diving shop. Hook's Hut also features a bar and restaurant, with live entertainment taking place after sunset several times a week. Guests seeking a relaxing dinner in the hotel can enjoy the Mediterranean inspired cuisine of the on-site restaurant, Sjalotte. Lionstone affiliate companies also own the Hilton Curacao and Breezes Curacao Resort on the island.
"We are pleased to include The Beach Hotel and Floris Suite Hotel as part of our luxury hospitality portfolio," said Diego Lowenstein, Chief Executive Officer of Lionstone Development. "These are two great additions to our collection of properties in the Caribbean, and we look forward to continued success with these acquisitions."
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