O:Live Hotel Corp pays $4.1 million for a Condado building, its second purchase by Calle Barranquitas this year
O:Live Hotel Corp bought a 523 m2 commercial building at 1020 Avenida Ashford in Condado, San Juan, for $4,100,000 in a sale deed recorded on June 25, 2026. The tax roll addresses the property on Calle Barranquitas, the street behind Ashford; the lot is 591 m2 and lies in the CT tourist-commercial zoning district. The seller is a private party.
It is the company's second purchase on that block this year. On April 13, 2026 it paid $2,900,000 for a 524 m2 property at 53 Calle Barranquitas, Condominio San Antonio. The two deeds come to $7,000,000.
The Ashford building's permits describe its current use: a car-rental branch of Avis Budget de Puerto Rico, with a use permit approved on May 15, 2025, after a run of business operating permits from 2018 to 2022. No permit on the lot names a hotel. The building's previous recorded sale was $130,000 in July 2007.
What hotels in San Juan have sold for
At $4.1 million for 523 m2, the price works out to $7,842 per m2 of building, above the recorded sales of small hotels in the city. The Ivy Hotel, a 26-room property at 1149 Avenida Magdalena in Condado, sold for $3,500,000 on February 13, 2024, or $6,076 per m2 of its 576 m2 and $134,615 a room. The 22-room Canario Boutique Hotel at 1317 Avenida Ashford sold for $1,400,000 on December 23, 2024, $2,252 per m2 and $63,636 a room. In Old San Juan, the Plaza de Armas Hotel at 202 Calle San José sold for $3,900,000 on May 20, 2025, $2,151 per m2 across 1,813 m2. The closest whole-building sale in Condado this year is 1108 Calle Magdalena, 964 m2 on a CT lot, which sold for $4,300,000 on May 1, 2026, $4,461 per m2.
What sellers ask
A turn-key 23-room hotel at 52 Calle Ismael Rivera in Ocean Park is listed at $6,900,000, about $300,000 a room. The Plaza de Armas Hotel is listed at $3,900,000, the price it sold for last year. A hotel in Santurce asked $6,600,000 until it came off the market on August 28, 2026.