Juan Velas – Founder/ CEO VELAS Resorts
JUAN VELA RUÍZ – In 1989, Juan started construction of a condominium in Puerto Vallarta, the first one with a beach front. At the beginning of construction, sales were successful. But then a recession hit. By the end of construction, Juan was left with half of the condos unsold and a huge debt. One afternoon while having a tequila in the lobby – Juan and Eduardo asked themselves – How difficult could it be to run a hotel?