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 …

Winds Of Change Blow Uruguay Toward Energy Independence

Patrick Archer agribusiness, competitiveness, creative class, foreign investment, real estate, technology, uruguay, visionaries

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 turbine spinning …

Buenos Aires-Colonia Bridge Construction Agreement Signed

Patrick Archer buenos aires events, competitiveness, foreign investment, real estate, uruguay, visionaries

Plans for a 43-kilometer bridge spanning the River Plate and connecting Argentina and Uruguay took a giant step forward today with the signing of a construction agreement. The Argentina/China Chamber of Commerce (ACC) signed the agreement with China Dalian International Group (CDIG), the Dalian-based engineering and construction company that specializes in large-scale infrastructure projects outside of China. The signed agreement establishes the …

Uruguay President Mujica Courts More Finnish Forestry Investment

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

Uruguay President Jose Mujica is in Helsinki this week encouraging Finnish investors to double down on a country and a sector they have dominated in recent years: Uruguay cellulose pulp production. Yesterday President Mujica and a large delegation of Uruguay government officials met with senior executives at the Helsinki headquarters of UPM, the company that operates Uruguay’s first billion dollar …

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 …