Uruguay: $100 million development to begin in March

Brazilian holding company JHSF will begin construction in March on a $100-million hotel complex in the Cerro Eguzquiza region of the department of Maldonao.

Named La Cumbre, Villas & Hotel Fasano, the project will feature 20 bungalows and 205 villas in addition to a golf course, spa and other sporting facilities.

JHSF is developing the complex on approximately 1,200 acres of land that it purchased one year ago for $12.5 million.

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