Foreign Investors, Rating Agencies Maintain Stable Outlook For Uruguay

[soliloquy id=”20704″] 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 …

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

[soliloquy id=”20679″] 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 …

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

[soliloquy id=”20644″] 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 …

Montevideo’s Hotel Casino Carrasco Betting On New Business Plan

[soliloquy id=”20612″] 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 …

Winds Of Change Blow Uruguay Toward Energy Independence

[soliloquy id=”20601″] 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 …