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 …

Another Luxury Hotel Coming To Montevideo’s Punta Carretas

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

A new luxury hotel will soon open in Punta Carretas, the most expensive neighborhood per square meter in Montevideo and no stranger to new hotel construction in recent years. The Oliva Luxury will be a 30-key, five-star boutique hotel with guest amenities including a restaurant, spa, fitness center, conference room, coffee shop and cigar lounge, according to El Pais. The …

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 …

Hilton Worldwide Announces Hilton Garden Inn Montevideo

Patrick Archer franchises, hotels & casinos, real estate, uruguay, us companies

Hilton Worldwide is coming to Montevideo. The Virginia-based company made the announcement yesterday and plans to open the new 17-story, 168-room hotel in 2014. The US$30 million Montevideo property will introduce the popular Hilton Garden Inn brand to South America. Hilton’s announcement offers additional validation of Montevideo as an important hub for business and tourism in the Southern Cone. “As …

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It’s no secret that Montevideo’s hotel inventory is woefully inadequate and outdated for a city that is, as the Wall Street Journal said, Having Its Moment.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 …