Foreign Investors, Rating Agencies Maintain Stable Outlook For Uruguay

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, uruguay

The countdown to Uruguay’s presidential election at the end of this month is expected to remain uneventful for financial markets and foreign investors. Unlike what transpired last month in Brazil where daily polls and projections had local stocks and the Bovespa soaring one day and plunging the next, the economic outlook for Uruguay is stable regardless of which candidate wins …

Buenos Aires Class A Office Vacancies, Absorption Both “Healthy”

Patrick Archer average prices, buenos aires events, competitiveness, foreign investment, real estate

Average vacancy rates are rising in the Buenos Aires Class A office market but they are still healthy compared to other South American metros, according to the latest quarterly report from Colliers International. With A Decline In Rents, The Crisis Reached the Office Market is the headline of Alfredo Sainz’ analysis in La Nacion which shows average Class A rents …

What Are The Most Expensive Hotel Markets In Argentina & Uruguay?

Patrick Archer average prices, competitiveness, franchises, global rankings, hotels & casinos, lifestyle, real estate, tourism, uruguay

Punta del Este and Villa La Angostura top the list of the most expensive hotel markets in Argentina and Uruguay, according to new data released from travel search engine Trivago. The analysis of average hotel prices in 33 major markets in Argentina, Brazil, Chile and Uruguay ranked Villa La Angostura second overall at US$138 per night and Punta del Este …

Montevideo’s Hotel Casino Carrasco Betting On New Business Plan

Patrick Archer competitiveness, foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

Eighteen months after its March 2013 grand opening, the Hotel Casino Carrasco is arguably the most high-profile luxury hotel in Montevideo. While hotel occupancy is solid (62% last quarter), hotel management is working on a new business plan to drive more business to the casino. Codere, the majority shareholder of the Sofitel Montevideo Casino Carrasco & Spa, is “betting on …

Winds Of Change Blow Uruguay Toward Energy Independence

Patrick Archer agribusiness, competitiveness, creative class, foreign investment, real estate, technology, uruguay, visionaries

With presidential elections inching ever closer in Uruguay, the candidates are plastering the capital city of Montevideo with campaign billboards promising a better life and a brighter future. And while most of these adverts feature the requisite, Photoshopped images of the candidates with perfectly-coiffed hair and million-dollar smiles, the most powerful and effective billboard features a lone wind turbine spinning …