Argentina Hotel Sector Surges With New Investors, Popular Chains

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

An ambitious wave of new hotel construction is sweeping through Argentina as investors large and small tap new opportunities to buy, build and own. “Argentina’s Hotel Sector Proving Its Investment Potential” is the headline of a detailed analysis in the Real Estate supplement of today’s Ambito which points to the most recent long holiday weekend (1.3 million tourists spending US$240 million) …

Marriott Plaza Buenos Aires Acquired Amid Luxury Slowdown

Patrick Archer buenos aires events, foreign investment, hotels & casinos, lifestyle, real estate, tourism, us companies

It’s one of the most historic landmarks in Argentina and has played the role of Buenos Aires host to Teddy Roosevelt, Walt Disney, Indira Gandhi, Luciano Pavarotti and Louis Armstrong among others. And now new ownership is planning to pump millions into a complete renovation of the turn-of-the-century gem between Calle Florida and the Plaza San Martin. The Plaza Hotel first …

Record Demand for 5-Star Hotels in Buenos Aires

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

Argentina welcomed a record number of tourists last year, and a new report from INDEC suggests foreign visitors are increasingly opting for four and five-star accommodations in Buenos Aires. According to Abeceb, 1.3 million tourists checked into Argentine hotels in November, the most recent month for which data is available, and 69% of those guests were Argentines while 31% were …