Argentina Hotel Sector Surges With New Investors, Popular Chains

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

An ambitious wave of new hotel construction is sweeping through Argentina as investors large and small tap new opportunities to buy, build and own. “Argentina’s Hotel Sector Proving Its Investment Potential” is the headline of a detailed analysis in the Real Estate supplement of today’s Ambito which points to the most recent long holiday weekend (1.3 million tourists spending US$240 million) …

Boston’s GMO Uruguay Timberland Investment Worth $140 Million

Patrick Archer agribusiness, foreign investment, real estate, us companies

Boston-based global investment management firm, GMO, is making a significant long-term investment in Uruguay with one of the country’s largest timberland acquisitions in recent years. GMO acquired the land from Chile-based Arauco, and the deal encompasses over 110,000 acres (45,000 hectares) spread across 141 parcels in the Rivera and Tacuarembo departments of northern Uruguay, according to El Pais’ Fabian Tiscornia. Arauco …

Bariloche Begins Ski Season With Record Tourism Numbers

Patrick Archer aruba, hotels & casinos, lifestyle, real estate, tourism

Argentina Ski Season is officially underway, and the country’s leading downhill destination is welcoming record numbers of charter flights, hotel guests and foreign visitors. “Record Number of Foreign Visitors in Bariloche” is the title of Soledad Maradona’s article in today’s La Nacion which links the sudden surge in South American skiers and snowboarders with the season’s first snowfall, falling temperatures, …

NYC Investors Acquire Major Mendoza Real Estate Development

Patrick Archer agribusiness, lifestyle, real estate, us companies, visionaries, wine & vineyards

A high-profile residential vineyard development south of Mendoza City just received a major boost of cash and confidence from a large New York shareholder who is taking control of the entire development. Manhattan-based real estate developers Youngwoo & Associates (YWA) are taking over the 2,000-acre Santa Maria de los Andes (SMdlA) project in Agrelo, a gorgeous Mendoza terroir with breathtaking views of the …

Downtown Pedestrian Paradise A Growing Nightmare For Business

Patrick Archer ba government, buenos aires events, real estate

Downtown Buenos Aires may be taking giants strides toward becoming a pedestrian’s paradise, but the massive street reconfiguration is becoming a nightmare for many companies with offices in Microcentro. With so many city blocks being converted to pedestrian-only or pedestrian-preferred streets, Ambito’s Belen Fernandez says many companies are moving out of downtown or contemplating a move in the near future. …