Montevideo’s Hotel Casino Carrasco Betting On New Business Plan

Patrick Archer competitiveness, foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

Eighteen months after its March 2013 grand opening, the Hotel Casino Carrasco is arguably the most high-profile luxury hotel in Montevideo. While hotel occupancy is solid (62% last quarter), hotel management is working on a new business plan to drive more business to the casino. Codere, the majority shareholder of the Sofitel Montevideo Casino Carrasco & Spa, is “betting on …

Sofitel Casino Carrasco Opens A New Chapter of Luxury In Montevideo

Patrick Archer arts & entertainment, aruba, creative class, foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

The highly anticipated re-opening of one of Montevideo’s most beautiful landmarks finally took place last evening, a historic event symbolizing triumph over adversity and the undeniable appeal of Uruguay for foreign investors. On a beautiful Thursday evening in Carrasco, hundreds of invited guests, foreign dignitaries and proud Montevideanos gathered at the hotel’s entrance enjoying the sounds of the Philharmonic, champagne …

New Salto Hotel & Casino Adds To Uruguay Gaming Sector

Patrick Archer foreign investment, hotels & casinos, lifestyle, real estate, uruguay

From Montevideo to Rivera to Atlantida, 2012 has been the Year of the Casino in Uruguay considering the number of new projects announced, under construction or opening their doors. Now add Salto to the list of Uruguay cities cutting the ribbon on a new casino. Opening next Friday, the Salto Hotel & Casino is a 6-story, 57-room hotel in the …

Uruguay Opens Casino College to Support Gaming Growth

Patrick Archer arts & entertainment, hotels & casinos, lifestyle, tourism, uruguay

From Argentines to Brazilians to North Americans, casinos have always been a major attraction for gaming-minded visitors to Uruguay. Now with some Punta del Este casinos doing more business than their Vegas counterparts and a high-profile Montevideo casino on the verge of opening this year, Uruguay is taking a novel approach to finding and grooming future croupiers. The Casino College recently …

Montevideo’s Hotel Shortage, Architectural Gems Attract Investors

Patrick Archer foreign investment, hotels & casinos, real estate, tourism, uruguay

It’s no secret that Montevideo’s hotel inventory is woefully inadequate and outdated for a city that is, as the Wall Street Journal said, Having Its Moment. Montevideo hotel rooms are so old… How old are they? Montevideo hotel rooms are so old, they are more likely to be discovered by archaeologists doing excavation work. Actually, this is not a joke. In …