The Puerto Rico Tourism Development Fund was created in 1993 to facilitate private-sector financings to Puerto Rico’s hotel industry. TDF provides guarantees to financings and may provide direct loans.
TDF has been a valuable tool for developing Puerto Rico’s hotel industry. As of March 31, 2011, TDF has facilitated the financing and development of 21 projects (4,700 hotel rooms and 9 golf courses), with a total investment in excess of $2.1 billion, of which the financing component totaled $1.1 billion in guarantees and $278 million in direct loans. As of May 31, 2011, TDF had net assets of approximately $181.1 million.
Contact Information
José R. Otero-Freiría
Executive Director
Tel. (787) 722-2525 x-15410/15411
Fax (787) 723-7388
