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Star Resorts Development Inc. (SRDP.OB): Playing the Tourism Boom in Latin America

QualityStocks (September 5th, 2008) Writes:

Star Resorts Development (SRDP) is real estate development company focused on Latin American markets, particularly Argentina. The company specializes in tourism property for affluent travelers and owns a ski resort, Cerro Bayo Mountain Resort, as well as a 47-acre vineyard called Mendoza. Star Resorts Development’s partner in the Cerro Bayo project is already projecting a profit of $100 million.

Interestingly, Star Resorts leaves the development of its properties to partners such as Fiducia Capital Group and Proideas Business Development. Fiducia Capital alone has already developed 45 million square feet of property in South America. The Florida-based company also holds developments in Buenos Aires, Argentina’s capital, giving it a foothold in the nation’s biggest city, wine country and the frequently-visited Patagonia Mountains.

It appears as though Argentina’s economy is beginning to blossom in a similar fashion to that of neighboring Brazil. The country has attracted investments from billionaires such as George Soros

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