
PrivCap strikes deal in Puerto Rico; Nets Investors 20% in 12 months
PrivCap Holdings sold its stake in the newly branded Azul in Isla Verde, Puerto Rico on Friday just 12 months after acquiring a position in the time share hotel value add opportunity. While Puerto Rico continues to face challenges brought on by both its well documented government fiscal issues along with fears of Zika decimating the hospitality industry, PrivCap, nonetheless, executed its value add strategy and exited with a handsome profit. PrivCap CEO, Donny Cohen commented