Article: Cayo Largo Resort returns to InterContinental.(Puerto Rico)(Brief Article)

CAYO LARGO RESORT RETURNS TO INTERCONTINENTAL. Fajardo's Cayo Largo Resort will be bought by InterContinental Hotels Group and is expected to open in May, reports Caribbean Business (Dec. 30, 2003). Puerto Rico Tourism Co. Executive Director Jose Suarez said he is aware InterContinental Hotels Group has partnered with a foreign company to discuss the purchase. Their intent is for InterContinental to operate the resort while the foreign company acts as the property's investor. In February 2003, construction of the $120 million hotel came to a halt when disputes over construction costs arose between the local partners: Puerto del Rey Inc. President Dan Shelley, Fuentes ...

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