Argentine investor plans Days Inn for Falkland Islands

Stanley, Falkland Islands. Image: ©iStock / Marc-Andre_LeTourneux.

Off the coast of Argentina, the Falkland Islands are a British overseas territory with very limited hotel options. But that could change in the coming years. 

Alberto Albamonte, an Argentine businessman and partner of Wyndham's Howard Johnson brand, is looking to bring a branded hotel to the Islands.

Albamonte already has 37 hotels Howard Johnsons in Argentina, Uruguay and Paraguay, and is now planning to open a 40-guestroom Days Inn in Stanley at an estimated cost of $3.5 million.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The project dates back to 1999, when Albamonte sought to attract other Argentine investors for a Falkland hotel, but his petition for authorization from the Argentine foreign ministry was rejected the following year.

Albamonte added that hotel and lodging capacity in the Falklands is insufficient with one hotel that charges $300 per night, and private homes that rent out rooms.

“If we find the right piece of land we can sign the purchase ticket, and then request authorization from the Argentine foreign ministry and the local government,” he said. “Although we are still at the beginning we know we can count with the approval from the Argentine government.”

Suggested Articles

The recent spate of deals involving resorts has drawn investors to the sector, with groups such as Blackstone looking to build platforms.

CVC Capital Partners is to buy the Greek, Croatian and the UAE businesses of D-Marin, an operator of marinas in the Mediterranean and UAE.

The S.C.-based restaurant group picked hospitality veteran Larry Spelts to lead its new hotel management and consulting division.