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 Attracting Record Number Of Private Equity Deals

Patrick Archer agribusiness, aruba, competitiveness, foreign investment, hotels & casinos, real estate, tourism, uruguay, us companies

For Argentines, Brazilians and expat retirees, Uruguay has always been a good place to visit your money. Now global private equity firms are waking up to the opportunities and upside of investing in one of Latin America’s most stable and transparent markets. Uruguay Is On The Radar Of Powerful Investment Funds is the headline of Laura Lomando’s article in El …

More Brazilians Buying Vineyards in Argentina & Uruguay

Patrick Archer aruba, foreign investment, lifestyle, real estate, tourism, uruguay, wine & vineyards

Exactly one year ago, we shared the news that Mendoza is now the second-most popular destination for Brazilians in Argentina after Buenos Aires. According to the Ministry of Tourism, the southern region of Mendoza was the most sought after in January with San Rafael topping the list of visitors and hotel occupancy with 92%. Now, one year later, it seems many Brazilians are …

Brazil’s Vale Could Postpone Mendoza Potash Project 3 Years

Patrick Archer agribusiness, competitiveness, foreign investment, real estate

The world’s largest producer of iron ore could delay the opening of a Mendoza potassium mining project three years, according to Reuters and other industry sources. Brazil’s Companhia Vale do Rio Doce (NYSE: VALE) was originally planning to invest approximately US$6 billion to launch a massive three-phase mine and transportation network including the Rio Colorado potassium mine in Mendoza, a …

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 …