Uruguay weighs options for Hotel Casino Carmelo as bidder interest remains weak
Uruguay’s tourism ministry is considering options for the Hotel Casino Carmelo after an earlier tender attracted no offers. Tourism minister Pablo Menoni said potential investors have sought a casino concession alongside the hotel, while a private proposal linked to a casino licence awaits a response from the economy ministry’s Casinos Directorate; the ministry has prepared an unconditional sale tender if the proposal fails.
The outcome will determine whether the Carmelo property proceeds through a private proposal, a casino-linked concession or an unconditional sale.