Hilton, IHG Target New Business Hotels In Argentina

The next wave of planned hotel investment by industry giants Hilton and IHG reflects two important projections for Argentina tourism: more visitors discovering the interior of the country and more business being conducted in major cities beyond the City of Buenos Aires. In July we offered a preview of the US$20 million Santa Fe Hilton, an ambitious 100-key, 4-star hotel …

ExxonMobil to Explore Argentina Shale Oil & Natural Gas

ExxonMobil, the world’s largest publicly traded international oil and gas company, will invest up to US$76.3 million to explore and develop shale oil and natural gas in the Neuquen Province of Argentina. Terms of the farm-out agreement (FOA) will involve ExxonMobil taking a 45% stake in a Canadian company’s Los Toldos shale gas blocks which encompass over 160,000 acres in …

Uruguay: The New Darling of Global Investors

First The Switzerland of South America. Then A Good Place to Visit Your Money. Now Uruguay has a new national tagline thanks to Reuters: The New Darling of Global Investors. That is the theme of a well-researched piece by Hilary Burke and Malenda Castaldi. The duo point to the recent S&P upgrade as the latest in a series of events …

Buenos Aires Is “Very Important” to Delta Airlines

Delta Airlines and Argentina’s national carrier, Aerolineas Argentinas, have announced a codesharing agreement for flights connecting Miami and Atlanta with Buenos Aires in addition to service to 22 new cities in the U.S. and Argentina. In an interview with Telam, Delta’s Director of Sales said BA is a “very important” Latin American destination for the Atlanta-based carrier. “Argentina is the …

Why Buenos Aires & Argentina Condo-Hotels Make Sense

At last week’s 125th Annual Rural Expo in Palermo, one booth stood apart from the parade of livestock and farming equipment: a stand showcasing a 49-room condominium-hotel in southern Buenos Aires Province with recreational amenities and the luxury co-branding of the Cardon designer label. The promotion made perfect sense for two reasons: Rural attendees are flush with soy-dollars and condo-hotels are …