PUNTA DEL ESTE, Uruguay ( TheStreet) -- Judging from the 15 or so G6s and handful of 737 business jets parked at its airport, you'd think you were in Aspen or St. Maarten. But in the past few years, Punta del Este has become the most glittery of wintertime destinations, especially for Brazilians arriving with their fortified reals to gobble up real estate. This year that includes Fasano La Piedras, a joint venture between Brazilian developer JHSF and Fasano Hotels and Resorts that has produced a dramatic hotel with private residences over nearly 1,000 acres.The name Fasano may be unknown to most Americans, but in Brazil the family's name is the top luxury hotel brand. The family has been part of Sao Paulo since its patriarch emigrated from Milan in 1902 and opened a series of Italian restaurants that attracted international guests from Marlene Dietrich to Fidel Castro and Prince Charles. Almost a century later, under Rogerio Fasano, the family moved its restaurant business to Sao Paulo's Jardin District, where in 2003 it also opened its first hotel -- Hotel Fasano Sao Paulo -- and later the Fasano Rio de Janeiro.
|The bungalow room at sunset at Fasano Las Piedras in Punta del Este.|