SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Dec 30, 2025--
The Condado district welcomes a new addition to its hospitality scene with the opening of Magdalena 1163, a boutique hotel designed to provide personalized attention and a lodging experience crafted within a serene, contemporary luxury setting.
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The four-story property is an initiative of entrepreneurs María Isabel Esteve and Carlos López-Lay, who developed the hotel in a strategic location in Condado to meet the needs of executives, business travelers, and leisure guests seeking comfort, efficiency, and a high standard of service.
Magdalena 1163 features ten suites in various configurations—Studio, Deluxe, Junior Suite, and two-bedroom units— accented by warm cream tones and a modern aesthetic focused on functionality. The owners highlighted that all suites include a kitchenette equipped with a microwave, Nespresso machine, and refrigerator, as well as layered lighting that allows guests to adjust the ambiance, and ceiling wallpaper that adds a subtle visual detail aligned with the hotel’s contemporary design concept.
As part of the property’s ambiance, the hotel integrates an art selection that evokes Caribbean culture and enhances its modern aesthetic. Featured pieces include designs by Rogative showcasing local motifs, sculptures by Bernardo Medina, Puerto Rican scene photography by “Fuera e Foco,” and works by Cundo Bermúdez and Julián Ruiz.
The rooftop brings together several spaces, including a lounge with an indoor area as well as an open-air terrace overlooking Condado, suitable for events of up to 40 people, and a meeting room for up to 10 participants equipped with presentation technology and virtual connection capabilities. “These facilities are available to guests and can be reserved for private events or executive meetings,” López-Lay noted. The floor also includes a gym for guest use.
Additional services include continental breakfast, a lounge with a selection of snacks and beverages, parking, car rental, and laundry service. The hotel also offers 24/7 direct communication between guests and staff through the Kipsu platform, ensuring efficient handling of requests before and during their stay. “With this blend of technology, comfort, and service, we ensure that each guest’s stay becomes an extension of how they live and work,” López-Lay added.
In addition to its proximity to the beach, the hotel’s location is enhanced by partnerships with local restaurants, allowing guests to enjoy Condado’s diverse culinary offerings within walking distance.
The renovation costs totaled $7 million, and, in its initial phase, the hotel operates with a staff of six employees.
For López-Lay, service excellence has been a guiding principle throughout his career. “The Magdalena 1163 project is an extension of this commitment to hospitality and represents a space where attention to detail and personalized service take on a new expression within the hotel industry.”
About Magdalena 1163
Magdalena 1163 is a project developed by entrepreneurs María Isabel Esteve and Carlos López-Lay, renowned for their distinguished careers in the automotive industry. With this initiative, they strategically expand their portfolio into the hospitality sector, bringing into this new chapter the principles of operational efficiency, attention to detail, and customer service that have defined their business trajectory. The project is envisioned as a contribution to the tourism offering in the Condado area – one of San Juan’s most sought-after districts – adding a distinctive proposal to the dynamism of the neighborhood.
A refined rooftop lounge for small gatherings, private dinners, and relaxed celebrations.
Where refined Caribbean design meets attentive, top-tier service.
A space designed for comfort, quiet luxury, and effortless rest.
NEW YORK (AP) — Stocks edged lower in morning trading on Wall Street Tuesday as 2025 nudges closer to the finish line.
The S&P 500 fell 0.1%. The benchmark index is still on track for a gain of more than 17% for the year.
The Dow Jones Industrial Average fell 120 points, or 0.3%, as of 10:40 a.m. Eastern. The Nasdaq composite fell 0.1%.
The biggest weights on the market remained technology companies and other companies focused on advancements for artificial intelligence.
Nvidia fell 0.3% and Apple fell 0.4%. Both companies have outsized values that have a greater overall impact on the market’s broader direction.
On the winning side,1Facebook parent Meta Platforms rose 1.9%.
Markets were mixed in Asia and higher in Europe.
With just two trading days left before the year ends, most big investors have closed out their positions and volume has been thin. U.S. markets will be closed on Thursday for New Year's day.
The more notable action was again in the commodities markets. Gold, silver and copper all resumed their ascent after steep declines a day earlier.
The price of gold rose 0.9% and silver prices gained 7.1% after slumping Monday when the Chicago Mercantile Exchange, one of the largest trading floors for commodities, asked traders to put up more cash to make bets on precious metals. Prices for both metals have surged in 2025 on a mix of economic worries and supply deficits.
Copper rose 2.5% and is up more 40% for the year on strong demand. The base metal is critical to global energy infrastructure, and demand is expected to keep growing as the development of artificial intelligence technology puts more of a strain on data centers and the energy grid.
Crude oil prices were relatively steady. The price of U.S. crude oil rose 0.4%. The price of Brent crude, the international standard, rose 0.3%.
Treasury yields mostly rose in the bond market. The yield on the 10-year Treasury rose to 4.13% from 4.11% late Monday. The yield on the two-year Treasury, which moves more closely with expectations for what the Federal Reserve will do, held steady at 3.46% from late Monday.
Overall, bond yields have fallen significantly through the year, partly because of the market's expectations for a shift in interest rate policy at the Fed. The central bank cut interest rates three times late in 2025, most recently at its meeting earlier in December.
The central bank has been dealing with a more complex economic picture. Consumer confidence has been weakening throughout the year as inflation squeezes consumers and businesses. The continued impact of a wide-ranging U.S.-led trade war threatens to add more fuel to inflation.
Inflation remains stubbornly high while the jobs market slows down. The Fed can cut interest rates to help the economy weather a slower jobs market. But, that could add more fuel to inflation that is still solidly above the Fed's 2% target. Hotter inflation could stunt economic growth.
The Fed has signaled more caution moving forward and minutes from its December meeting will be released later Tuesday.
Wall Street is betting that the Fed will hold interest rates steady at its next meeting in January.
Elaine Kurtenbach contributed to this report.
Participants perform a traditional hand clap at the end of a ceremony to conclude the year's trading at the Tokyo Stock Exchange Tuesday, Dec. 30, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Japan's Prime Minister Sanae Takaichi, right, delivers a speech as Hajime Moriyasu, left, the head coach of Japanese national soccer team, bows during a ceremony to mark the last trading day of the year on the Tokyo Stock ExchangeTuesday, Dec. 30, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Hajime Moriyasu, the head coach of Japanese national soccer team, rings the bell during a ceremony to mark the last trading day of the year on the Tokyo Stock Exchange Tuesday, Dec. 30, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Participants perform a traditional hand clap at the end of a ceremony to conclude the year's trading at the Tokyo Stock Exchange Tuesday, Dec. 30, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Japan's Prime Minister Sanae Takaichi poses before ringing the bell during a ceremony to mark the last trading day of the year on the Tokyo Stock Exchange Tuesday, Dec. 30, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm, Monday, Dec. 29, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A dealer watches computer monitors near the screen showing the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Dec. 30, 2025. (AP Photo/Lee Jin-man)
The screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won are seen at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Dec. 30, 2025. (AP Photo/Lee Jin-man)
The screens show the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Dec. 30, 2025. (AP Photo/Lee Jin-man)
A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Dec. 30, 2025. (AP Photo/Lee Jin-man)
