Owner-Principal, KLI Companies

Client:  LXR Resorts (Blackstone Group LP)


In January of 2008 I reported to Fajardo, Puerto Rico and the El Conquistador Resort.  A room renovation and additions of a new ballroom/meeting rooms complex and water-front water recreation park were underway.  My assignment was to relieve the current project manager, assume control of the work and make sure the projects were completed in a timely fashion.  In addition I was to make an assessment of all costs to complete the project and reconcile costs to date and projected costs to complete against the project budget.  I managed all invoices and pay applications and managed payables against available cash flow through completion.  As the project progressed we identified discrepancies in available furnishings versus required furnishings, located local sources for manufacturing new casegoods, sourced and purchased replacement goods that could not be found locally and arranged for warehousing and storage of attic stock off-site.  We also undertook a substantial amount of remedial work that was outside the scope of the original project or had not been completed as it should have been originally.

Project Location Role Size ($’s) Size (Physical) Operator Year
El   Conquistador Resort Renovation Fajardo, Puerto Rico Construction Management  $50M 1000 keys, Water Park, Marina,   Casino, Golf, Spa Hilton Waldorf-Astoria 2008
Project   Type Key Consultants Owner/Client Contractor Deliverables
Resort, Resort Recreation Architect: Ray Architects PR,   Interior Design: Barry Design, Water Features Design: Weller Pools Wind P1 Mortgage Borrower, LLC /   LXR / Blackstone Rooms: Multiple Contractors, Water   Park: Weller Pools Construction   Management, Cost Control & Management