Paz E Sossego: Montevideo An Emerging Refuge For Brazilians

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

This today, according to Parana Online’s Marcio Barros who pens a detailed analysis of Montevideo’s allure for a growing number of tourism and business-minded Brazilians. “Montevideo is a charming city with an ideal tranquility for those who are searching for some peace and quiet. Located in the southern part of the country, the Uruguay capital is the Latin American city …

World Trade Center 4 Rapidly Reshaping Montevideo’s Skyline

Patrick Archer aruba, real estate, uruguay

WTC4, the fourth building in Montevideo’s World Trade Center complex, is nearing completion and reshaping Montevideo’s skyline in the process, according to InfoNegocios. Uruguay construction and engineering company Ebital began construction of World Trade Center 4 in September 2009, and the soaring corporate office tower is scheduled for completion in December. A 42-story building with three underground levels, WTC4 will …

Hilton Worldwide Announces Hilton Garden Inn Montevideo

Patrick Archer franchises, hotels & casinos, real estate, uruguay, us companies

Hilton Worldwide is coming to Montevideo. The Virginia-based company made the announcement yesterday and plans to open the new 17-story, 168-room hotel in 2014. The US$30 million Montevideo property will introduce the popular Hilton Garden Inn brand to South America. Hilton’s announcement offers additional validation of Montevideo as an important hub for business and tourism in the Southern Cone. “As …

Uruguay REITs Offer New Vehicle For Investing in South America Real Estate

Patrick Archer aruba, foreign investment, real estate, uruguay

Investors worldwide have enjoyed the access, convenience and tax advantage of Real Estate Investment Trusts (REITs) for decades, but the popular vehicle has never been offered in one of South America’s most stable and transparent commercial real estate markets…until now. The first Uruguay REIT was just structured as a trust (fideicomiso in Spanish) and raised US$60 million from both individual and …

Major Waterfront Redevelopment & Yacht Club Announced In Montevideo

Patrick Archer lifestyle, tourism, uruguay, visionaries

First time visitors to Uruguay usually marvel at the quality of the international airport, Carrasco, which is arguably the most modern and beautiful in Latin America. Now the same investor group that made MVD so hospitable to inbound air travelers wants to do the same for those arriving by boat, says El Pais’ Maria Shaw. Corporacion America has announced plans …