Rio Mar resort records $11,288,370 mortgage from Banco Popular
Banco Popular de Puerto Rico recorded a mortgage of $11,288,370 on October 19, 2026 on the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort at 6000 Rio Mar Boulevard, Río Grande. It is the third mortgage deed in favor of the bank on the resort since December 2024.
A financing that keeps growing
The bank recorded a financing statement on the resort on May 24, 2022, the day its current owner bought it. On December 18, 2024, a deed of amplification and amendment of mortgage set the bank's lien on the resort at $62,592,056.07.
On October 17, 2025, a second amplification of $2,461,630 raised the mortgage to $65,053,686.07. The deed recorded in October 2026 adds $11,288,370 more from the same lender, one year and two days later.
How it compares
Between November 2024 and October 2026, 28,838 mortgages were recorded in Puerto Rico, with a median amount of $125,800.
Work at the hotel
The resort holds an approved consolidated construction permit, dated May 28, 2026, for improvements that update the hotel's existing spaces, finishes and furnishings. A second construction permit, dated August 18, 2026, to demolish and rebuild part of the Aura pool area for an accessible ramp, is marked incomplete.