George Soros invests in Latin American hotel market
The billionaire invested $300 million to fund expansion by Argentina-based Fens Hotels
From the South Florida website: An investment firm headed by Hungarian-born billionaire George Soros agreed to invest $300 million to finance an Argentine hotel company’s expansion in Latin America.
Soros’ investment will provide funding for as many as 5,000 new hotel room over a three-year period in Argentina and other South American countries including Chile, Ecuador and Peru that Buenos Aires-based Fen Hotels will manage.[more]