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Uruguai Lake , south of the
Iguassu Falls in Argentina , has more than 10 mi ( 16 km ) of coastline that are being made available for development . Alejandro Schiavi , representative of the Argentina Institute Nacional de Promocion Turistica , Buenos Aires , is looking for investment for holiday village resorts and timeshares .
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properties . Kempinski is , in fact , looking at five other projects in India . Six months ago no big brands would admit interest in Myanmar , but now , it seems everyone is rushing in . Shangri-La Hotels and Resorts , Hong Kong , has a distinct advantage since the Kuok family has owned and managed |
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The area saw visitor numbers rise 10 % in 2011 over 2010 to 2.5 million , and this figure is set to increase .
Latin America is seeing an influx of Hyatt properties , with some key designers involved . Yabu Pushelberg , Toronto , is working on both the forthcoming Park Hyatt Los Cabos , Mexico , and on the Grand Hyatt Rio de Janeiro . The Rockwell Group , New York City , has been assigned the interiors of Hyatt Playa , Playa del Carmen , Mexico , set for 2015 . In all , Hyatt Hotels Corp . has 10 developments in Latin America , including entry to Colombia , with the 250-room Hyatt Regency Cartagena in the UNESCO-recognized coastal city that seems to be the flavor of the month for every brand . Hyatt is also reflagging the former Nikko Hotel Mexico City , which it acquired in May . It will be redesigned by George Wong , New York City , and become the Hyatt Regency Mexico City .
Although Kempinski Hotels , Geneva , has been working with Mumbai-based Leela Palaces , Hotels and Resorts for some years , it will now have its own hotel in India . Raj Singh Gehlot ’ s 480-room Ambience property , opening in East Delhi before the end of the year , was at one time going to be managed by Taj Hotels , Resorts and Palaces . Gehlot , chairman and managing director of the Delhi-based Ambience Group , has decreed it will now be the Kempinski Ambience Hotel Delhi . Opening GM Vella Ramaswamy says there continues to be demand in India for super-luxury
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Traders Yangon since the 1996 opening of the 500-room hotel . GHM Hotels , Singapore , and Orient-Express Hotels , Resorts and Cruises , London , will presumably also be treated favorably by the authorities , as they have been managing , respectively , The Strand in Yangon and the former Pansea hotels and the Road to Mandalay boat . Speaking to the World Economic Forum in Bangkok on June 1 , Aung San Suu Kyi did urge potential investors , in all sectors , to exercise caution .
Indonesian media are hinting MGM Hospitality , Las Vegas , will be doing a hotel in the 111-floor Signature Tower , a US $ 2 billion development by Artha Graha . This is a conglomerate that conveniently owns Bank Artha Graha , of which Tomy Winata , who is leading the Signature Tower development , is vice president and commissioner . Michael Sagild , managing director of Asia Pacific development for MGM , could well announce projects elsewhere in Indonesia and in the Philippines .
China is not easy , says Bill Heinecke , founder and chairman of Minor International , Bangkok . He would , however , invest in China or the Middle East , where all his Anantara resorts are only managed . Heinecke says he receives about 100 proposals from around the world every year , but only four — at most — come to anything . Asia remains his favorite area , with Europe not attracting much of his current interest . The London and Monaco real estate markets , in particular , do not make financial sense , he says .
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