$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 …

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

Patrick Archer average prices, competitiveness, franchises, global rankings, hotels & casinos, lifestyle, real estate, tourism, uruguay

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 del Este …

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 …

Punta del Este Convention Center Bid Process Opens…Again

Patrick Archer competitiveness, foreign investment, hotels & casinos, tourism, uruguay

Perhaps the third time will be the charm for Punta del Este. Eighteen months after the first of two failed bid processes commenced seeking construction and management teams for a new Convention Center, a third bid process is underway. “Until the bid is awarded, until it begins and finishes and we hand the key to the management company and we …

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 …