Hato Rey, often considered the central business district of Puerto Rico, is a highly urbanized financial, commercial, and residential district in San Juan, the capital municipality of the archipelago and island. Located in the center of the San Juan metropolitan area and divided into the barrios of Hato Rey Norte, Hato Rey Central, and Hato Rey Sur, it is about 3 to 6 miles from the Old San Juan historic quarter, Condado and Isla Verde resort areas, and SJU airport. Hato Rey is home to the Milla de Oro financial district, José Miguel Agrelot Coliseum, Hiram Bithrom Stadium, Telumundo International television network headquarters, and Plaza Las Américas shopping mall, among others. It was formerly a barrio of the dissolved municipality of Río Piedras, which was merged into San Juan in 1951.