Henderson Park and Pyramid Global Hospitality Complete Acquisition of Hyatt Regency Grand Reserve in Joint Venture Marking Both Firms' Entry into Puerto Rico

Henderson Park, the international private equity real estate firm, has completed the acquisition of the Hyatt Regency Grand Reserve resort in Río Grande, Puerto Rico, through a joint venture with Pyramid Global Hospitality. The transaction marks the first investment in Puerto Rico for both companies. The target is a beachfront resort situated on a private peninsula, flanked by the Atlantic coastline and the El Yunque National Forest — a premium leisure and commercial destination that has demonstrated what the buyers describe as lasting market strength and resilience. No deal value was disclosed. Pyramid Global Hospitality, a hospitality management company with a portfolio of approximately 200 properties across the US, Caribbean, and Europe, will take on the management role. Henderson Park, which focuses on international private equity real estate, is deploying capital into a market it views as structurally resilient for both leisure and commercial travel. The deal reflects continued appetite from PE-backed real estate platforms for premium hospitality assets in undersupplied island markets, where barriers to new supply are high and demand from both leisure and corporate travellers has proven durable. The joint venture structure — with a dedicated management partner embedded from the outset — is a common feature of institutionalised real estate private equity deals, aligning acquisition and operational incentives from day one.