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 …

NYTimes: Bargains In Buenos Aires, Where Luxury Costs Less

Patrick Archer lifestyle, real estate, tourism, uruguay

Travel writer Michelle Higgins gives New York Times readers a sweeping vista of the myriad bargains awaiting adventure seekers throughout Latin America. (Full Story) Buenos Aires gets extra ink and eye candy considering the sharp price reductions on lodging and dining in the wake of the flu scare earlier this year. Cold and flu season is over in BA, but …