Sofitel, the brand associated to group Accor, presented its management proposal for Casino Carrasco Hotel. The winner of the tender, in which other three applicants compete, will be known by the end of the month. With an investment of USD 60 million, Sofitel intends to recover the emblematic building of the promenade of Montevideo, bringing the splendor it used to have, with a modern casino, to ingrate it to the life of Carrasco neighbourhood.

Montevideo Mayor, Ricardo Ehrlich, announced the sale of the tender papers for Hotel Casino Carrasco. The aim is to transform Carrasco into a high level tourist attraction, and the construction is about to start in 2009. "After a long procedure, the tender process for Carrasco Hotel Casino has finally opened", pointed Mayor Ehrlich, who announced the tender for Carrasco building. The documents are on sale in the Purchase section of the Montevideo Council (IMM) at a cost of USD 10,000.

Five groups bought the papers with the conditions for the tender of Hotel Casino Carrasco. Montevideo council (IMM) set the opening of the call to acquire the documents, which will close next May 8th. Among the groups that showed interest, are Hyatt chain, Pestana group and Tsakos. Director of Urban Conversion of the council, Hyara Rodríguez, affirmed that there might be more groups interested in the tender.