From Megas to Boutiques, Buenos Aires Hotel Sector Is Booming

Patrick Archer foreign investment, franchises, hotels & casinos, tourism

Foreign buyers. Global brands. Mega-deals. Few sectors of the local economy can compete with the luxury hotel business for headlines and superlatives. Coveted parcels are the object of bidding wars, while others are selling for as much as $21 million. Today Cronista gives a sweeping analysis of el sector hotelero in both Argentina and Uruguay while highlighting emerging trends like …

Exchange Rate, Foreign Investors Boosting Argentina Luxury Hotel Sector

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

While new hotel construction slowed in Argentina in 2008-09, the sector is starting to come back to life thanks to a more favorable peso/dollar exchange rate and the determination of international investor groups, according to Ellen Hoffman of Hotel News Now (HNN). The current 3.8 peso/dollar exchange rate, about 20% higher than two years ago, has helped New York-based developers …

Checking In: InterContinental Expanding in Buenos Aires

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

InterContinental Hotel Group (NYSE: IHG), the world’s largest hotel group, today announced the launch of several new projects throughout Latin America including an upscale hotel in a Buenos Aires master-planned community. (Reuters) IHG President Jim Abrahamson put the regional expansion in context, “We offer an outstanding value proposition for hotel owners and developers due to our long history of success in …