Montevideo Shopping’s Multi-Million Dollar Expansion For Forever 21

Patrick Archer foreign investment, franchises, lifestyle, real estate, uruguay, us companies

Montevideo Shopping, the first indoor shopping center in Uruguay, is undergoing a US$6 million expansion in order to welcome the Uruguay flagship store of Los Angeles-based retailer Forever 21. The new multi-level wing of the galleria will feature over 20,000 square feet of retail space in addition to a warehouse and logistics center to receive the low-priced merchandise popular with …

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 …

Punta del Este Bracing For Another Slow Summer Season

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

With only three months to go before summer, Punta del Este hotels, restaurants and real estate brokerages are bracing for the third consecutive season of fewer visitors and declining tourism revenue. Punta del Este Threatened By The Perfect Storm is the headline of Marcelo Gallardo’s analysis in today’s El Pais which predicts the 2014/15 summer season will be worse than …

New Buenos Aires Neighborhood A Magnet For Private Developers

Patrick Archer average prices, ba government, buenos aires events, creative class, foreign investment, lifestyle, real estate

A 13-block stretch of prime real estate in the City of Buenos Aires originally scheduled to sit in the shadow of an elevated highway is now a magnet for private developers in Capital Federal. Parque Donado Holmberg (PDH) is the name of the new neighborhood which is bordered by the more developed barrios of¬†Belgrano, Saavedra, Coghlan and Villa Urquiza. iProfesional’s …

“Bigger & Business-Minded” Define New Wave Of Palermo Hotels

Patrick Archer buenos aires events, foreign investment, hotels & casinos, lifestyle, real estate, tourism

The latest wave of hotels being built in the popular Buenos Aires neighorhood of Palermo are much larger than their predecessors and increasingly focused on the needs of business travellers. Changes In The Palermo Hotel Profile is the headline of Isabel Stratta’s analysis in iEco of the morphing lodging landscape in areas like Palermo Nuevo, Palermo Soho and Palermo Hollywood …