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 …

A New Day Dawning for Private Equity in Buenos Aires

Patrick Archer buenos aires events, competitiveness, foreign investment, franchises

The Reuters Latin America Investment Summit takes place this week in Buenos Aires with fund managers and regional analysts dishing on sector opportunities, country risk and private equity. One of the largest players in Buenos Aires private equity is Pegasus with a balanced portfolio of retail and real estate holdings. After a turbulent decade, Pegasus President Mario Quintana feels like …

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 …