Sun Dreams buys Nuevo Plaza Hotel Mendoza operator

The company ratifies its outstanding position in Latin American gaming with this acquisition, in which it acquires with the luxury complex Park Hyatt Mendoza Hotel Casino & Spa.

The South African-Chilean casino chain Sun Dreams announced the purchase by USD27.8 million of the total shares of Nuevo Plaza Hotel Mendoza (Argentina), which operates in Cuyo province as Park Hyatt Mendoza Hotel Casino & Spa. Therefore, the company adds to its offer 186 rooms, 648 slots and 19 gaming tables. In 2017, the conglomerate generated revenues of close to USD29.1 million.

Jaime Wilhelm, CEO of Sun Dreams, said: “The company objective is to position itself in a scenario that has broad concessions and adequate regulation at provincial level plus transparency in the industry, which allows us to project ourselves in the long term with very good prospects. It is a pride for Sun Dreams to have this luxury format, the highest level of Hyatt chain worldwide.”