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[4] [5] The government-backed Puerto Rico Industrial Development Corp. spent $7 million to build and furnish the hotel. After it was built, the government leased the hotel to the Hilton Corp. on a 20-year lease. [6] The hotel was the first in Puerto Rico to offer radios in every room and individually controlled air conditioners. [4]
The 1950s-60s era saw another boom in Condado, with the rapid industrialization of Puerto Rico, this flamboyant locale was becoming a popular tourist destination. Large hotels like the Caribe Hilton Hotel and La Concha Resort were built as part of a government sponsorship program under the Operation Bootstrap brand.
Caribe Hilton Hotel as seen from Condado. Toro y Ferrer was an architectural firm and one of the principal exponents of Puerto Rico's tropical modernism.Founded in 1945 by Osvaldo Toro FAIA (1914–1995), Miguel Ferrer FAIA (1914–2005) and Luis Torregrosa Casellas, the firm designed some of Puerto Rico's most significant modern landmarks.
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The Caribe Hilton Hotel was the first facility ever operated by Hilton Hotels outside of the continental United States. See also. Puerto Rico portal; Caribbean portal;
The hotel was publicly owned, by the government of Puerto Rico, and managed by the US-based Associated Federal Hotels chain. [3] The main hotel building was designed by architects Osvaldo Toro and Miguel Ferrer, of the firm Toro Ferrer. The two men had previously designed the first modern luxury resort in San Juan, the Caribe Hilton.