Uruguay´s Administration has just unveiled an international call for the sale of properties to be dedicated to the construction and operation of a luxury hotel in the city of Carmelo. The hotel would include a Casino.
The project is to be developed in an area of 10,000 m2, with an estimated market value of USD 2,1 million.
The concession will be for a period of 20 years.
Bidding terms stipulate that the awarded bidder will be required to pay to the government an annual concession fee equivalent to a percentage of the casino’s gross revenue with a minimum annual amount.
Deadline for submission of bids is May 30, 2024.
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