Posts Tagged ‘Puerto Rico news’

interCaribbean moves to 18 flights weekly between San Juan and Tortola

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TORTOLA, British Virgin Islands, Nov. 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — interCaribbean Airways is pleased to announce a major increase in air service to commence double daily services effective from December 19th, 2016 and triple daily 4 times a week.

This new AM and PM services give the opportunity for business and leisure travelers in the British Virgin Islands and Puerto Rico to visit for a day, and be home in time for dinner. These flights operated by EMB 120 aircraft are the fastest turbo prop aircraft in its class making it the quickest connection.

Trevor Sadler, interCaribbean Chief Executive Officer said, “Since we first began service into the San Juan to Tortola we have seen a steady increase in the demand for our flights.  We are pleased to respond to this demand with significant increase in flights between two favorite islands and in addition to new daily flights from Tortola to Antigua.”

Commenting on the recent announcement by interCaribbean Airways of an increase in service to the British Virgin Islands, British Virgin Islands Director of Tourism Mrs. Sharon Flax-Brutus said, “The BVI Tourist Board is pleased that interCaribbean Airways is demonstrating its commitment to bring convenient air transportation to the region and applauds the airline’s recent decision to increase service to the BVI.  The increase in service between the BVI and Antigua and the BVI and San Juan is welcome news as it will help address the challenge of airlift and accessibility to the destination.”

Schedule

FL#

FROM

TO

EFECTIVE

UNTIL

DAYS

DEP

ARR

637

SJU

EIS

14-Nov-16

28-Oct-17

Mon Wed Fri Sat

15:35

16:15

638

EIS

SJU

14-Nov-16

28-Oct-17

Tue Thu Sat Sun

11:40

12:20

508

EIS

SJU

19-Dec-16

04-Nov-17

Daily

09:20

10:00

509

SJU

EIS

19-Dec-16

04-Nov-17

Daily

11:30

12:10

510

EIS

SJU

19-Dec-16

04-Nov-17

Daily

16:30

17:10

511

SJU

EIS

19-Dec-16

04-Nov-17

Daily

18:40

19:20

EIS = Tortola, SJU = San Juan

About interCaribbean Airways:
interCaribbean Airways is based in the Turks & Caicos Islands, and was founded 25 years ago to connect you and the Caribbean. The company operates a fleet of EMB 120, Twin Otter, BE99 aircraft connecting the Turks & Caicos to Antigua, Tortola, Puerto Rico, Dominican Republic, Haiti, Jamaica, the Bahamas and Cuba; Domestic flights in Jamaica between Kingston and Montego Bay, are also offered.

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BioTrackTHC™ Earns Highest Overall Score For Puerto Rico’s Cannabis Seed-to-Sale Software Contract

FT. LAUDERDALE, Florida, Aug. 10, 2016 /PRNewswire-HISPANIC PR WIRE/ – BioTrackTHC™, a leading provider of seed-to-sale cannabis traceability technology received the highest overall score in the competitive procurement to earn Puerto Rico’s cannabis seed-to-sale software government contract. BioTrackTHC™’s system would enable the Puerto Rico Department of Health to track and monitor the cultivation, production, and sale of medical cannabis throughout the island.

BioTrackTHC(TM)

“The Puerto Rico Department of Health faces the incredibly challenging task of launching a new regulated industry from scratch,” said Patrick Vo, CEO, BioTrackTHC™. “We are thankful for the Department’s vote of confidence in BioTrackTHC™, and we look forward to partnering with them and supporting the island’s efforts in building a healthy and transparent medical cannabis program that provides safe access for patients and generates an entire industry of jobs.”

Puerto Rico will be the first government body in the Caribbean and Latin America to procure a software solution to manage their medical cannabis program. The medical cannabis industry is expected to create hundreds of jobs on the island: jobs directly in cannabis and jobs that support the cannabis sector such as legal, industrial, agricultural, medical, financial, and marketing positions.

“We assembled an amazing team of project managers, trainers, and technical specialists to provide the highest level of support possible,” said Rafael Sabbagh, Operations Manager at BioTrackTHC™. “We look forward to sharing the experience we’ve gained from deploying similar systems in other states while learning from the local operators during this exciting time.”

Puerto Rico would be BioTrackTHC™’s seventh government contract.

About BioTrackTHC™:
BioTrackTHC™ develops and provides effective cutting-edge technology solutions for the emerging medical and adult use cannabis industry. BioTrackTHC™’s seed-to-sale traceability system has been awarded six government cannabis tracking contracts for cannabis industry oversight, and is currently being utilized or in the process of being implemented by the states of Washington, Illinois, New Mexico, New York, Hawaii, and the City of Arcata, California. Visit www.biotrack.com for more information, email sales@biotrackthc.com or call 1-800-797-4711 to order software.

Media Inquiries:

Cynthia Salarizadeh
Salar Communications Group
Cynthia@SalarAgency.com
(856) 425-6160

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Plaza Provision Company installs another Viking Cold™ Thermal Energy Storage system reducing energy costs by over 30%

HOUSTON, July 20, 2016 /PRNewswire-HISPANIC PR WIRE/ – Plaza Provision Company, a leading food distributor in Puerto Rico, has purchased its fourth Thermal Energy Storage (TES) system from Viking Cold Solutions, and where installed, has reduced energy consumption by over 30%.

Three Viking Cold’s Thermal Energy Storage systems, installed in 2010, 2013 and 2014, have saved Plaza Provision Company over $650,000, reduced energy consumption by over 3,200 MWh, and reduced carbon footprint by over 2,200 metric tons. The patented Thermal Energy Storage systems store energy at night for subsequent day use, allowing refrigeration to run less frequently. The result is significant cost and electricity savings.

“We purchased our fourth system because the total reduction in consumption has surpassed our expectations,” said Robert Cimino, CEO of Plaza Provision Company. “Also, having real-time monitoring has been invaluable and has helped us to recognize and address equipment issues before they become costly problems.”

“Robert Cimino’s use of state of the art efficiency technology to not only improve his bottom line but also to preserve the environment, is an example of what can be achieved using the Viking Cold’s TES system,” said James Bell, CEO of Viking Cold Solutions. “Our TES system can be installed in cold storage facilities and supermarkets to reduce energy consumption and carbon footprint while mitigating risk with temperature monitoring and backup thermal protection.”

Plaza Provision Company’s system is among twenty-four that Viking Cold has installed in cold storage warehouses and supermarkets in Puerto Rico, Bermuda, St. Thomas, California, New Mexico, and Texas.

Aireko Services and Installation, Inc., a leading HVAC services company, is the authorized distributor of Viking Cold’s TES system in Puerto Rico. They have been installing Viking Cold’s systems since 2010.

To learn more, watch Viking Cold’s 90 second video about how the technology works. To see more details on the Plaza Provision Company case, click here.

Viking Cold Solutions™ is an energy management company focused on making the world’s cold storage systems more efficient. The Viking Cold team has deep expertise in cold storage energy management, supermarket energy management, and thermal energy storage systems.

Viking Cold provides energy storage solutions that reduce operational costs and business risk for cold storage and supermarkets with high refrigeration-based energy loads. The company is expanding rapidly throughout the U.S. and internationally. Learn more at vikingcold.com.

CONTACT: Collin Coker, ccoker@vikingcold.com, +1-832-497-5205

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Fundamental Advisors, Leon Mayer & Co. and Aimbridge Hospitality Acquire El San Juan Resort & Casino

Revitalization to Restore Iconic Property as World-Class Destination

Investor Group to Significantly Upgrade Facilities through Planned Restoration

SAN JUAN, Puerto Rico, July 22, 2015 /PRNewswire/ – Fundamental Advisors LP (”Fundamental”), a leading alternative asset manager, today announced that along with partners León, Mayer & Co., (”León Mayer”) and Aimbridge Hospitality (”Aimbridge”), it has acquired the iconic El San Juan Resort & Casino, a Hilton Hotel from an affiliate of Blackstone.  Terms of the transaction were not disclosed.

El San Juan, established in 1957, is a landmark 387-room hotel overlooking two miles of pristine beach in the Isla Verde district of San Juan, and a valued member of the Hilton Worldwide system.  It boasts an 11,000 square foot grand ballroom (second largest in San Juan), three pools, nine award-winning restaurants, 15 active bars, lounges and nightclubs, a 7,500 square-foot casino and 12 beachfront acres.  Just two miles from Puerto Rico’s international airport, the property is located in a neighborhood known for upscale boutiques, beautiful beaches and eclectic restaurants, bars, and live music venues.

Together with partners León Mayer and Aimbridge, Fundamental plans to significantly enhance the property’s offerings and revitalize the storied resort to its original splendor by capitalizing on the investor group’s expertise in the hospitality sector and experience in the region.  As part of a planned revitalization of the property, the investor group is committed to significantly upgrading the resort’s facilities through a substantial capital expenditure investment to create a true luxury lifestyle property.

“This project represents an exciting development for both future guests of El San Juan as well as the vibrant community that surrounds this historic property,” said Laurence Gottlieb, Chief Executive Officer of Fundamental.  ”Fundamental has a long history of investing in Puerto Rico and we look forward to working with our partners as we return this iconic resort to its place as a world-class destination.  With a portfolio of unique or underutilized municipal and hospitality real estate assets, we intend to leverage our expertise to ensure that El San Juan delivers an unparalleled and unforgettable experience for guests of this truly exceptional property.”

“El San Juan is truly a one-of-a-kind property.  We are excited to partner with Fundamental and Aimbridge and look forward to leveraging our team’s strong connection to the Puerto Rican market and experience in hospitality, entertainment and real estate to elevate the physical condition and guest experience at El San Juan to a level that befits its historical status as an iconic luxury lifestyle resort and entertainment property,” said Andro Nodarse-León of León Mayer.

“With our principals having formerly served as the property’s operators, Aimbridge has long appreciated the remarkable vitality of El San Juan,” said Dave Johnson, President and CEO of Aimbridge Hospitality.  “Working with Fundamental and León Mayer, we are excited to use our deep expertise in hotel management to revitalize El San Juan, a property with a truly unique character and history.”

About Fundamental Advisors

Fundamental Advisors is a leading alternative asset manager dedicated to the municipal markets.  Founded in 2007 as a private equity firm focused on revitalizing distressed assets, Fundamental invests in a range of vehicles that capitalize on the growing opportunity set in the municipal market. For more information, please visit www.fundamentaladvisorslp.com.

About León, Mayer & Co.

León Mayer is a private equity and investment banking firm based in New York City and Miami.  Andro Nodarse-León and Benjamin Mayer established the firm in 2005 after having respectively been at Kohlberg Kravis Roberts & Co. (”KKR”) and Tishman Speyer.  Leon Mayer’s private equity practice invests in corporate and real estate assets that are underperforming relative to their full potential and takes a hands-on approach to improving their operating performance.  For more information, please visit www.leonmayer.com.

About Aimbridge Hospitality

Aimbridge Hospitality is one of the nation’s largest independent hotel investment and management firms with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles.  Aimbridge provides management, asset management, development, renovation and consulting services.  Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages over 270 upscale, independent and branded hotels with over 36,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Westin and Curio.  For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.

About Hilton Worldwide

Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,350 managed, franchised, owned and leased hotels and timeshare properties, with more than 720,000 rooms in 94 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide, and www.linkedin.com/company/hilton-worldwide.

Contact
Jonathan Keehner / Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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