$220 Million Expansion Announced for Conrad Punta del Este

Patrick Archer competitiveness, creative class, foreign investment, hotels & casinos, real estate, tourism, uruguay

The most high-profile hotel and casino complex in Punta del Este is about to double-down on that profile…actually quadruple-down when you count the number of new hotel rooms. This week Chile’s Enjoy investment group announced plans to build three additional towers around the existing Y-shaped tower which first opened to the public in 1997 with a total of 294 guest rooms and …

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 …

VanityBA: Beware The Seductive Gaming Powers Of The Conrad Angels

Patrick Archer arts & entertainment, creative class, hotels & casinos, lifestyle, real estate, tourism, vanityba, wine & vineyards

Yes, the Conrad Angels are a thing, and apparently they were the most remarkable thing to hit Mendoza during this month’s 2014 Wine Harvest Celebrations. “The Conrad Angels Revolutionized Mendoza” is the headline in today’s society section of MDZ Online which explains the marketing promotion by Chile’s Enjoy which created this elite smiling force from hundreds of aspiring Southern Cone …

Conrad Punta del Este Gambles On Multi-Million Dollar Renovation

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

The best known casino in the Southern Cone is embarking on a US$20 million renovation in hopes of luring more high rollers from other corners of South America now that the economy is slowing, inflation is rising and the real is weakening in Brazil. Chile’s Enjoy acquired a 45% stake in the Conrad Resort & Casino Punta del Este late …

Uruguay Casinos On Pace For Another Record Year

Patrick Archer arts & entertainment, aruba, hotels & casinos, real estate, uruguay

We’re only eleven days away from the beginning of the 2012-2013 season, according to a new story in Argentinas’ El Diaro del Juego. Summer season? No, Casino Season. Uruguay actually has a “Casino Season,” and the 2012-2013 kickoff event will be a lavish affair next Friday at the historic Argentino Hotel in the coastal town of Piriapolis. And according to …