Former Escada Boutique To Become A Chinese Grocery

Patrick Archer buenos aires events, culture, foreign investment, lifestyle, real estate

One prominent German designers’ former Recoleta digs will have a decidedly more pedestrian look and feel for the coming season. Like Zegna, Hermes, Ralph and Louis; Munich-based Escada pulled out of Buenos Aires earlier this year leaving a prime boutique at Alvear 1444 vacant and available for aspiring fashionistas to showcase their designs. Yet, the building’s new tenant will be …

Chile’s Enjoy Acquires 45% Stake In Conrad Punta del Este

Patrick Archer arts & entertainment, aruba, foreign investment, hotels & casinos, lifestyle, tourism, uruguay

Casinos are big business in Uruguay, and the cash flow in the country’s most lucrative casino proved to be irresistible for one of Chile’s largest gaming companies. Santiago-based Enjoy will pay US$139.52 million to acquire a 45% ownership stake in the Conrad Punta del Este and assume control of the five-star casino currently run by Caesars Entertainment. The agreement gives …

Hilton Announces New Buenos Aires Hotel & Residences

Patrick Archer aruba, foreign investment, franchises, hotels & casinos, real estate, tourism, us companies

Hilton Worldwide signed a management agreement this week for a new US$44-million Hilton Hotel & Residences to be built in the Buenos Aires Province town of Pilar. The new hotel will be located in the heart of the Pilar Golf Club, a 432-acre master-planned community and 27-hole golf club on the outskirts of Buenos Aires. The new Hilton Pilar Hotel …

Paz E Sossego: Montevideo An Emerging Refuge For Brazilians

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

This today, according to Parana Online’s Marcio Barros who pens a detailed analysis of Montevideo’s allure for a growing number of tourism and business-minded Brazilians. “Montevideo is a charming city with an ideal tranquility for those who are searching for some peace and quiet. Located in the southern part of the country, the Uruguay capital is the Latin American city …

New Salto Hotel & Casino Adds To Uruguay Gaming Sector

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

From Montevideo to Rivera to Atlantida, 2012 has been the Year of the Casino in Uruguay considering the number of new projects announced, under construction or opening their doors. Now add Salto to the list of Uruguay cities cutting the ribbon on a new casino. Opening next Friday, the Salto Hotel & Casino is a 6-story, 57-room hotel in the …