Deal #710

Location #1

Spatial accuracy level
Administrative region
Location
Punta Colorada, Río Negro, Argentina

Target country
Argentina
Comment on location
Río Negro, Between the land of Solari Yrigoyen and Punta Colorada

Land area

Size under contract (leased or purchased area, in ha)
[2006] 15000
Comment on land area
The same source saids that Joe Lewis already owned other property of 14 000 ha in a close region, bought in 1997, which contained the Hidden Lake (Lago Escondido); see case 726

Intention of investment

Intention of the investment
Tourism

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2006] Concluded (Contract signed)
Comment on negotiation status
Construction of a supposed luxurious tourism complex (the same as in the first 15 000 ha property), including a private airport.

Implementation status

Implementation status
[2006] Startup phase (no production)
Comment on implementation status
Construction of a supposed luxurious tourism complex (the same as in the first 15 000 ha property), including a private airport.

Operating company

Comment on investment chain
According to the source, Joe Lewis and his son Charles were owners of the Hardrock café and are associates of the (gastronomic chain) Planet Hollywood. In Argentina, Joe Lewis' tourism interests are represented by his entreprise Hidden Lake SA

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Media report
File
Date
2006-01-01
Comment on data source
Article posted in taringa; original article from the local newspaper El Chubut

Data source #2

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #3

Data source type
Media report
File

Data source #4

Data source type
Media report
File

Data source #5

Data source type
Media report
File

Data source #6

Data source type
Media report
File

Data source #7

Data source type
Media report
File

Data source #8

Data source type
Media report
File

Data source #9

Data source type
Media report
File

Consultation of local community

Community consultation
Not consulted

How did the community react?

Community reaction
Mixed reaction

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: See TS comment. Keep? Import of error check - Reviewer's overview comment: The source is not clear about that, but it seems that Lewis bought public land. This property of 15 000 ha embraces 50 klm of Patagonia coast, near the "Peninsula Valdés" protected area, and there would be an attempt to privatize the access to the sea (like Lewis had tried for the access to the Hidden Lake in his near 14 000 ha touristic property). There is also a controverse about the construction of a private airport in the Lewis' property (apparently with the pretext to join the two properties).

May 14, 2018, 10:02 p.m.

overwritten

This version

Compare with previous version

March 28, 2016, 9:59 p.m.

overwritten

Show this version

Compare with previous version

Oct. 8, 2015, 10:23 p.m.

overwritten

Show this version

Compare with previous version

Feb. 15, 2013, 5 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.