Starwood Hotels Targets High Growth Opportunities In Latin America

Patrick Archer competitiveness, foreign investment, lifestyle, real estate, tourism, uruguay, us companies

Starwood Hotels sees a futuro brillante in Latin America and today used the high-profile platform of the World Economic Forum in Panama to share their bullish outlook for LatAm tourism growth and future investment. “With sustained GDP growth, a stable influx of foreign direct investment to high-growth markets, and a fast-rising middle class, Latin America continues to be a region …

Tourism Now A US$2 Billion Industry In Uruguay

Patrick Archer hotels & casinos, lifestyle, real estate, tourism, uruguay, us companies

Foreign visitors in Uruguay are now spending over US$2 billion a year or approximately 7% of the country’s GDP, according to new data released this week. According to the Ministry of Tourism, Uruguay generated US$2.025 billion in tourism revenue in 2012, a figure four times greater than the US$500 million in tourism dollars the country was attracting just a decade …

Hilton Worldwide Announces Hilton Garden Inn Montevideo

Patrick Archer franchises, hotels & casinos, real estate, uruguay, us companies

Hilton Worldwide is coming to Montevideo. The Virginia-based company made the announcement yesterday and plans to open the new 17-story, 168-room hotel in 2014. The US$30 million Montevideo property will introduce the popular Hilton Garden Inn brand to South America. Hilton’s announcement offers additional validation of Montevideo as an important hub for business and tourism in the Southern Cone. “As …

New Waterfront Hotel Casino Development Coming To Atlantida

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

The steady flow of Argentine investment into Uruguay continues this week with the announcement of a new 4-star hotel casino development in one of Uruguay’s more traditional beach towns, Atlantida. ICK, an Argentine investor group from the northern province of Santiago del Estero, is going to invest US$15 million to build a 60-room hotel on a 75,000 square foot parcel …

Hoteles.com Announces Partnership with InvestBA.com

Patrick Archer lifestyle, tourism, us companies

Hoteles.com, the online hotel reservation site that offers 149,000 quality hotels, B&Bs and apartments around the world, announces a business alliance with InvestBA.com, the leading online source for real estate investment opportunities in Argentina and Uruguay. According to terms of the agreement, Hoteles.com will offer InvestBA.com customers, the majority from the United States, Canada, Brazil and Europe, special discounts on …