New Hotel of the Year: O:LV Fifty Five, Puerto Rico In recent years, Puerto Rico has very quietly become a haven for luxury hotels, turning into the kind of high-end destination that transcends the more mass-market conception and strategy of its tourism officials. At the core of that push is a class of creative hospitality entrepreneurs who have the vision to see what Puerto Rico can be. The latest result? the OLV Fifty Five, a truly striking Condado-area waterfront hotel that’s the second hotel by husband-and-wife team Loisse Herger and Fernando Davila, the team behind the celebrated O:live Boutique Hotel, just a few steps away. It’s a work of art, with interior design unmatched in the region and stunning rooms that look out right onto the Condado Lagoon. It’s the new halo hotel in Condado, and another great reason to visit Puerto Rico.