The recent performance of South America in terms of economic growth and political and institutional stability has attracted interest among investors in the region, due to its promising business climate. The strengthening of the major economies of South America, and particularly the development of the primary cities of the region, represent significant opportunities for potential investors. To place this in perspective, there follows some of the indicators that reflect the investment climate in South America.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.