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 Boasts The Highest Cattle Per Capita Rate In The World

Patrick Archer agribusiness, foreign investment, uruguay

“El Pais de la Carne” (The Country of Meat) is how Spain’s El Mundo describes Uruguay in an article highlighting more steak and sheep superlatives in this beautiful country de carnivoros. First, the average Uruguayan consumes 208 pounds of meat (94.7 kilos) per year, the highest consumption rate in the world. Second, Uruguay’s 3.4 million residents are now outnumbered by cattle …

Paraguay Real Estate Attracting Record Foreign Investment

Patrick Archer agribusiness, foreign investment, real estate

Our Southern Cone neighbor, Paraguay, is attracting record levels of real estate investment according to Asuncion’s La Nacion. “Argentines and Uruguayans Lead Real Estate Investments” is the headline of Viviana Miranda’s article and interview with several Paraguay real estate professionals. “Each year, the number of foreigners looking for new markets in the real estate sector grows. The Europeans have already …

Buquebus Adding Daily Flights from Buenos Aires to Montevideo

Patrick Archer tourism, uruguay

As if currency controls and credit card surcharges weren’t enough challenges, the service interruption and eventual bankruptcy of Pluna Airlines earlier this summer left a significant void in the short-haul market for air travel between Argentina, Uruguay and Brazil. Now the company best known for its ferry service is filling the void with daily flights between BA and Montevideo. BQB …