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 …

Montevideo Real Estate Prices Post Double-Digit Declines

Patrick Archer average prices, real estate, uruguay

Montevideo real estate prices peaked in the second half of 2013 and have fallen significantly in non-coastal neighborhoods this year, according to a new survey of average prices. Since the 2013 peak, the average price of residential real estate in Montevideo has fallen 11% to US$1,542 per square meter (US$143 per square foot) according to the Valora analysis which lumps …

BASF Chooses Uruguay For New Financial Service Center

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

BASF has chosen Uruguay as the destination for a new regional financial services center and plans to be fully operational in Montevideo’s World Trade Center by 2016. After spending a year looking for the perfect location to combine North and South America service centers, BASF (BAS.DE) chose Uruguay for its stability, transparency and skilled workforce. According to the company, “Montevideo was chosen as …

Montevideo Bumps Buenos Aires For South America’s Best Quality Of Life

Patrick Archer competitiveness, creative class, culture, global rankings, lifestyle, uruguay

Buenos Aires and Montevideo usually take top honors as the best cities in South America in Mercer’s annual Quality of Living Worldwide City Rankings, and 2014 was no different although Montevideo nudged BA for the top spot. The Mercer Index which is designed to help multinational companies compensate employees fairly when placing them on international assignments takes into account a wide …

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 …