$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 …

VanityBA: Beware The Seductive Gaming Powers Of The Conrad Angels

Patrick Archer arts & entertainment, creative class, hotels & casinos, lifestyle, real estate, tourism, vanityba, wine & vineyards

Yes, the Conrad Angels are a thing, and apparently they were the most remarkable thing to hit Mendoza during this month’s 2014 Wine Harvest Celebrations. “The Conrad Angels Revolutionized Mendoza” is the headline in today’s society section of MDZ Online which explains the marketing promotion by Chile’s Enjoy which created this elite smiling force from hundreds of aspiring Southern Cone …

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 …

Chile’s Enjoy Acquires 45% Stake In Conrad Punta del Este

Patrick Archer arts & entertainment, aruba, foreign investment, hotels & casinos, lifestyle, tourism, uruguay

Casinos are big business in Uruguay, and the cash flow in the country’s most lucrative casino proved to be irresistible for one of Chile’s largest gaming companies. Santiago-based Enjoy will pay US$139.52 million to acquire a 45% ownership stake in the Conrad Punta del Este and assume control of the five-star casino currently run by Caesars Entertainment. The agreement gives …