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Braemar Completes $193M Acquisition of Ritz-Carlton Dorado Beach

March 16, 2022

Braemar Hotels and Resorts has completed its acquisition of the 96-room Dorado Beach, a Ritz-Carlton Reserve resort in Puerto Rico.

The company said it had paid $193 million in total consideration for the property, the only Ritz-Carlton Reserve in the Caribbean region.

It’s best known for its Miami Beach location, and now the Setai brand is coming to the Caribbean, Caribbean Journal Invest has learned.

It’s the biggest trend in Caribbean hotel development right now: the residential resort, and particularly the branded residential resort.

A rare large-scale oceanfront compound has come to market on Grand Cayman’s south coast.