From Jobs to Revenue, Tourism Booming In Buenos Aires

Patrick Archer ba government, hotels & casinos, real estate, tourism

The Buenos Aires tourism engine just keeps chugging faster and generating more jobs and revenue in the process, according to a new report from the City of Buenos Aires. The Tourism Board and Ministry of Culture shared the new data at the conclusion of this week’s Expoeventos 2011 at the Centro Costa Salguero. Tourism in Buenos Aires is a multi-billion …

Abandoned Punta del Este Hotel Sells For $10 Million

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

An abandoned high-rise on Punta del Este’s main drag will be reincarnated thanks to an investor group led by local architect Vito Atijas. Marcelo Gallardo of El Pais says the 17-story property which many locals and visitors remember as the Melia Hotel Punta del Este was purchased for US$10 million. The sale includes the hotel and the adjacent commercial properties …

New Casino Comes To Uruguay/Brazil Border In Rivera

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

Anytime we raise the issue of Uruguay casinos, it usually has something to do with the glitz and glamour of Punta del Este. Sure, coastal casinos like the Conrad are high-profile moneymakers, but what about the rest of Uruguay? Not unlike the trend we are seeing with real estate developers and franchise owners in Argentina, the smart money in Uruguay …

Hilton Garden Inn Coming to Santa Fe, Argentina

Patrick Archer foreign investment, hotels & casinos, tourism, us companies

The positive tourism-related news for Santa Fe just keeps flowing. First The House of Beer opens, then Messi, the Seleccion and Copa America come to town, and now it appears Hilton will make a serious investment in the Santa Fe Port by opening Argentina’s first Hilton Garden Inn. The announcement was made yesterday by Santa Fe Port Authority Director Marcelo Vorobiof. …

For Argentina Real Estate, The Smart Money Looks To The Interior

Patrick Archer foreign investment, hotels & casinos, real estate, tourism, us companies, wine & vineyards

Buenos Aires has been the belle of Argentina’s real estate ball for the past few years, but more foreign investors are beginning to discover the charms of the country’s interior provinces. In a sweeping north-to-south survey of markets with US$800 million in new projects under development, Cronista’s Lorena Obiol says Rosario, Cordoba, Mendoza, Bariloche and San Martii­n de los Andes …