Thursday, July 22, 2010

PR gov't to help finance $1.2B Ritz-Carlton resort

Puerto Rico's government announced Wednesday it will help finance a $1.2 billion resort on the U.S. island's north coast, the biggest hotel project in two years for a region hit hard by the world economic crisis.

The Ritz-Carlton Reserve Dorado Beach Resort & Spa is to be the island's first six-star resort.

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