Hook Em: Texas Billionaire Tom Hicks Still Long on Argentina

Patrick Archer foreign investment, real estate, visionaries

Texas and Argentina have some wonderful things in common: good people, great beef, authentic cowboys and wide open spaces just to name a few. Maybe that’s why Dallas billionaire Thomas Hicks set his sights on the Pampas and Patagonia in the 1980’s. His now legendary private equity firms completed billions in leveraged acquisitions in the years that followed, including several …

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 …