Atlanta-based Bass Hotels & Resorts has acquired the 400-room San Juan Grand Beach Resort & Casino for $75 million from a New York-based investment group. Following a $17 million renovation, the hotel will be renamed the Inter-Continental San Juan Resort & Casino.

Located at the Isla Verde tourist sector, the hotel features a spa and fitness center, a two-mile stretch of beach, a 10,000 sq. ft. casino, 13 meeting rooms and a business center. The resort will compliment Bass Hotels' other hotel in Puerto Rico, the Cayo Largo Inter-Continental Beach Resort, slated to open in 2001.