Wall Street, Seeing Opportunity, Invests in Struggling Hotels in Puerto Rico

On Thursday, the island received a lift from one of its biggest cheerleaders, John A. Paulson, the billionaire hedge fund manager, who is investing $20 million for the San Juan Beach Hotel. This week, Fundamental Advisors, another Wall Street investment firm, bought the iconic El San Juan Resort and Casino for $71 million from Blackstone.

Romantic fools, or do they know something we don’t?