329 C. Recinto Sur, San Juan, PR

Property Description

In shell condition, the former Cervantes Hotel features 12 rooms—6 junior suites, 5 master suites, and a grand presidential suite. This seven-story building is primed for redevelopment, with the first level offering a spacious restaurant space and outdoor seating—ideal for hospitality, boutique hotel, or mixed-use concepts.

The building’s rooftop is its crown jewel, delivering sweeping Old San Juan views and the perfect setting for a future bar, restaurant, or exclusive guest amenity. Elevator service connects Levels 1 through 6, with private access to the presidential suite and rooftop from Level 7.

The property requires restoration to reach its full potential, including electrical upgrades. A true diamond in the rough, this asset offers an unparalleled location, rich history, and exceptional long-term value for investors. Approved plans for enclosing the existing 7th-level sun deck are available.

Space Breakdown
• Level 1: Lobby, reception, administration, bathrooms, restaurant including bar, kitchen & maintenance area (2,016 SF)
• Level 2: Small office & storage (764 SF)
• Level 3: Four (4) guestroom suites (2,016 SF)
• Level 4: Administration office with ½ bathroom & refrigerated storage (635 SF)
• Level 5: Four (4) guestroom suites (2,045 SF)
• Level 6: Three (3) guestroom suites (1,541 SF)
• Level 7: Presidential suite (1,378 SF)
• Sun Deck Roof: Terrace, laundry, bathroom & sun deck (745 SF)

Elevator services Levels 1–6 publicly and Level 7 exclusively. Sun deck accessed via stairs from Level 6.

Location Description

Excellent location in the heart of historic Old San Juan, along Recinto Sur and Tetuan Street. The property is surrounded by commercial, residential, retail, office, and hospitality activity—including casual and fine dining, government offices, fashion boutiques, theaters, galleries, museums, and hotels. Positioned directly in front of two enclosed parking garages and near multiple parking facilities, offering more than 1,500 stalls.