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This, having acquired all the shares of the Argentine company Nuevo Plaza Hotel Mendoza, which operates in this city the luxurious hotel Park Hyatt and Casino.
By an essential fact, Sun Dreams informed the direct and indirect acquisition of all shares of the Argentine company Nuevo Plaza Hotel Mendoza, which operates the luxury hotel Park Hyatt and Casino in this city.
The operation, amounting to US $ 27.8 million – subject to compliance with the results of 2018-, is part of the international expansion plans of the South African company Chile and ratifies it as the most important operator in Latin America.
This expansion will add to the overall entertainment offer by Sun Dream 186 rooms, 648 machines and 19 table games. In addition, he becomes a major player in the Mendoza market.
In this regard, Jaime Wilhelm, CEO of Sun Dreams, commented that "the purpose of the company
is to position itself in a broad and adequate scenario.
regulation at the provincial level and transparency in the industry, which allows us to project ourselves in the long run
with very good prospects. "
Expansion
For Sun Dreams, the operation opens spaces to generate circuits the region. "
In this line, one of the company's goals is to grow in places that allow a first-clbad experience to all customers, as is the case of the company." Park Hyatt hotel which, in addition to its privileged location, It has a conference center, restaurants,
exhibition space and other amenities that tourists enjoy. "Sun Dreams is proud to welcome you. to have this luxury format, the highest level of the Hyatt chain globally
", explains Wilhelm.
With this operation, Sun Dreams also wins the casino concession granted by
the province of Mendoza to Nuevo Plaza Hotel Mendoza, which expands until 2033
with the possibility of being renewed until the year 2038.
"We seek to bring any our entertainment experience, which concludes the hotel, gastronomy, games and entertainment, on a market as important as that of Mendoza and which will diversify the geographical source of the company's income, "concludes Wilhelm.
With the arrival on the Argentine market, Sun Dreams a new country to its operation that already has hotels and casinos in Chile, Peru, Colombia and Panama. A regional expansion plan that, last April, added four sites in Lima, Tacna and Cuzco in Peru.
The acquisition is expected to have a positive impact on the results of the company,
due to the badet integration generated in 2017 revenues of
about US $ 29.1 million and by extending the average duration of
business gambling licenses.
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