Adero Scottsdale Resort becomes the newest addition to LionGrove’s portfolio in Puerto Rico. #NewsismyBusiness ...

Puerto Rico saw a notable rise in bankruptcy filings in 2024, with 5,712 cases reported — a 28.8% increase from 4,435 cases in 2023 — according to research firm Boletín de Puerto Rico.

Owner Juan López blames the loan portfolio sale to Condado 6 for the closures, citing government corruption and job losses.