SAN JUAN, PUERTO RICO—Feb. 11, 2025—Juan Carlos Morales, CEO of Capital Jetset, announces the opening of Patio Elba Boutique Hotel, marking another milestone in his mission to revitalize Puerto Rico’s historic properties. This latest venture transforms an abandoned Santurce residence into a charming boutique hotel, preserving its historic elements while introducing modern amenities.
In the aftermath of Hurricane Maria in 2017, Morales identified a critical gap: property owners struggling with delayed insurance payments needed immediate solutions. He responded by investing his own capital to restore damaged beach condos, converting them into profitable vacation rentals. This innovative approach provided immediate relief to property owners while creating sustainable tourism opportunities.
“What began as a response to hurricane damage has evolved into a movement to rebuild Puerto Rico’s communities,” said Morales. “By partnering with property owners and providing upfront capital, we’ve created a model that works for everyone—owners get immediate value, and visitors experience authentic Puerto Rican hospitality.”
Patio Elba Boutique Hotel represents the power of local collaboration. The project succeeded through partnerships with courageous Puerto Rican professionals who shared Morales’s vision. These local experts carefully preserved the property’s historic character while adapting it for modern hospitality use, demonstrating both technical expertise and cultural sensitivity.
“This transformation wouldn’t have been possible without our dedicated team of local architects, craftsmen, and hospitality professionals,” Morales added. “Their commitment to preserving our architectural heritage while creating a world-class hotel experience has been extraordinary.”
Located in the vibrant Santurce neighborhood, Patio Elba offers guests an authentic San Juan experience within walking distance of the area’s renowned art galleries, restaurants, and cultural attractions. The project continues Morales’s track record of successful property transformations across Puerto Rico, providing sustainable solutions for property owners while contributing to the island’s tourism infrastructure.
Patio Elba Boutique Hotel is now accepting reservations, offering visitors an opportunity to experience Puerto Rico’s renaissance firsthand.
For more information about Patio Elba Boutique Hotel or to make reservations, visit http://www.patioelba.com
