Uruguay Hotel Reservations Have Tripled Over The Past Decade

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

The number of tourists coming to Uruguay has doubled over the past decade, while the number of Uruguay hotel reservations has tripled, according to new information from the Ministry of Tourism and Sports. Between January and September, Tourists Spent US$570 Million In Uruguay Hotels, is the headline of Luis Custodio’s detailed analysis of the rapid evolution of Uruguay’s hotel sector over …

Uruguay New Hotel Construction Wave Moves Beyond The Coast

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

The recent wave of Uruguay luxury hotel construction and renovation continues rising and spreading from Montevideo and Punta del Este into the country’s previously underserved interior. The current boom was set into motion with the approval of pro-tourism legislation in 2007 when the only luxury hotels could be found in coastal areas like Montevideo, Maldonado and Colonia. Today, Uruguay has …

Hotel Casino Oceania Catches Second Wave As Luxury Condo

Patrick Archer hotels & casinos, real estate, uruguay

A new chapter of life and luxury awaits the Hotel Casino Oceania, another Montevideo landmark with panoramic views of the capital city, the World Trade Center and the winding Rambla below. The nautical-themed building with porthole windows overlooking the beaches of Punta Gorda and Malvin used to be the Hotel Casino Oceania, a popular waterfront destination for Montevideo visitors in …

BA, Montevideo Among Top 10 Latin American Hotspots

Patrick Archer aruba, buenos aires events, competitiveness, foreign investment, global rankings, hotels & casinos, tourism, uruguay, us companies

MasterCard released their annual Global Destination Cities Index today, and both Buenos Aires and Montevideo rank among the Top 10 Destination Cities in Latin America. The third annual ranking and forecast of international visitor arrivals and expenditures in 132 cities worldwide predicts the Top 10 Latin American destination cities will receive 15.4 million international visitors in 2013. By city, the Top …

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 …