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 …

Uruguay Hotel Reservations Have Tripled Over The Past Decade

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

The number of tourists coming to Uruguay has doubled over the past decade, while the number of Uruguay hotel reservations has tripled, according to new information from the Ministry of Tourism and Sports. Between January and September, Tourists Spent US$570 Million In Uruguay Hotels, is the headline of Luis Custodio’s detailed analysis of the rapid evolution of Uruguay’s hotel sector over …

Uruguay New Hotel Construction Wave Moves Beyond The Coast

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

The recent wave of Uruguay luxury hotel construction and renovation continues rising and spreading from Montevideo and Punta del Este into the country’s previously underserved interior. The current boom was set into motion with the approval of pro-tourism legislation in 2007 when the only luxury hotels could be found in coastal areas like Montevideo, Maldonado and Colonia. Today, Uruguay has …

Sofitel Casino Carrasco Opens A New Chapter of Luxury In Montevideo

Patrick Archer arts & entertainment, aruba, creative class, foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

The highly anticipated re-opening of one of Montevideo’s most beautiful landmarks finally took place last evening, a historic event symbolizing triumph over adversity and the undeniable appeal of Uruguay for foreign investors. On a beautiful Thursday evening in Carrasco, hundreds of invited guests, foreign dignitaries and proud Montevideanos gathered at the hotel’s entrance enjoying the sounds of the Philharmonic, champagne …

Paz E Sossego: Montevideo An Emerging Refuge For Brazilians

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

This today, according to Parana Online’s Marcio Barros who pens a detailed analysis of Montevideo’s allure for a growing number of tourism and business-minded Brazilians. “Montevideo is a charming city with an ideal tranquility for those who are searching for some peace and quiet. Located in the southern part of the country, the Uruguay capital is the Latin American city …