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 …

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 …

VanityBA: Keeping Up With The Jet Set Down in Buenos Aires

Patrick Archer arts & entertainment, buenos aires events, hotels & casinos, lifestyle, tourism, vanityba

The Dow broke above 10,000 this morning and European debt concerns eased, so TheStreet.com figures Wall Street execs could use some tips on what foreign countries to invade and blow invest their next quarterly bonus. But this isn’t 2000 when you could charter a G-IV and kite off to Sardinia for a Tyco toga party featuring Jimmy Buffett, an ice …