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Sunday August 14, 2022

Crypto king Brock Pierce shells out big bucks for hurricane-damaged hotel

Crypto billionaire Brock Pierce has bought the W Hotel in Puerto Rico for a whopping sum of $18.3 million

By Web Desk
January 30, 2022
Crypto billionaire Brock Pierce has bought the W Hotel in Puerto Rico for a whopping sum of $18.3 million
Crypto billionaire Brock Pierce has bought the W Hotel in Puerto Rico for a whopping sum of $18.3 million

Former child star and crypto billionaire Brock Pierce has bought the W Hotel in Puerto Rico, closed down after the Hurricane Maria in 2017 for a whopping sum of $18.3 million!

The hotel, ravaged by Hurricane Maria, was “once the economic engine of the island and it’s largest employer,” Pierce told The New York Post.

The crypto king, who was seen in the film The Mighty Ducks in 1992, added, “Having watched it stay closed for years and seeing it on the market for a long time it seemed like the proper thing to do.”

Pierce also opened up about his plans for the hotel, saying that millions will be invested in the hotel to return its lost glory and to make it an international destination once again.

“The island’s glory years were when the property was open. Anyone who had ever visited raves about how amazing it was. White sand beaches, two large pools,” he gushed, adding, “The idea is about regenerative practices. We will attempt to innovate and do something new.”

Pierce already owns another hotel in the same region, called Hacienda Tamarindo, in addition to a restaurant called Drift.