May 10, 2021
In Uruguay and luxury hospitality firm Cipriani SA has reportedly asked the local government for more time to complete work on its envisioned Cipriani Ocean Resort, Club Residences and Casino development.
According to a report from SBCAmericas, the request from the firm’s Chief Executive Officer, Giuseppe Cipriani, came after officials for Maldonado Department expressed concerns regarding the slow rate of progress on the $450 million scheme for the seaside resort city of Punta del Este. The source detailed that the project is destined to transform this community’s historic San Rafael Hotel into a five-star resort featuring a 70-room hotel designed by New York-headquartered architect Rafael Vinoly as well as 75 private apartments and a large casino.