As Approval Process Gets Longer, Patagonia Real Estate Prices Are Rising

Patrick Archer average prices, foreign investment, real estate

Bariloche is the most expensive real estate market in Argentina according to a new study of average prices for an existing 2 or 3-room apartment. Cronista’s Mati­as Bonelli says the average price for such a property in Bariloche is US$150/SF with high-end properties reaching US$222/SF. Buenos Aires ranks second in terms of average prices trailing Bariloche by a mere 2.3%, …

McIPO: Arcos Dorados Investors Are Lovin’ It

Patrick Archer foreign investment, franchises, us companies

Arcos Dorados, McDonald’s largest global franchisee is preparing for what will be one of Latin America’s biggest IPOs ever. Buenos Aires-based Arcos, the group that owns the largest chain of restaurants in South America, will formally announce the IPO in the next week, and sources say shares could begin trading as early as April. According to Cronista, Bank of America, …

Record Demand for 5-Star Hotels in Buenos Aires

Patrick Archer foreign investment, hotels & casinos, lifestyle, tourism

Argentina welcomed a record number of tourists last year, and a new report from INDEC suggests foreign visitors are increasingly opting for four and five-star accommodations in Buenos Aires. According to Abeceb, 1.3 million tourists checked into Argentine hotels in November, the most recent month for which data is available, and 69% of those guests were Argentines while 31% were …

First Hotel Fasano Opens in Punta del Este

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

Among the many new luxury developments unveiled this summer season in Punta del Este, the debut of Brazilian developer JHSF’s first property in Uruguay was one of the most anticipated. The Hotel Fasano Las Piedras officially opened in December and the grand opening buzz carried over into January during the height of the Summer Season. Las Piedras is emblematic of …

The Buenos Aires Audiovisual District In Palermo Hollywood

Patrick Archer arts & entertainment, ba government, buenos aires events, creative class, entrepreneurs, foreign investment, technology

The City of Buenos Aires has a vision for attracting more audiovisual industry and production companies to Palermo Hollywood and surrounding neighborhoods. In an interview today with Ciudad1.com, Economic Development Minister Francisco Cabrera says, “We want to recreate the Tech District model in the Audiovisual District, a zone which encompasses Palermo Hollywood and extends to Chacarita and Paternal. We want …