2010 is shaping up to be a great year for Americans to travel to the Argentine capital, which celebrates its bicentennial next year with a wave of new hotels, a grand theater reopening, and one of the best exchange rates of the decade.


Spain-based NH Hoteles is celebrating its 10th anniversary in the country by inaugurating not one but two new Buenos Aires properties: the nominally green, 116-room NH Tango (whose décor, appropriately enough, is themed after that quintessentially Argentine dance); and the sleek, 176-suite NH 9 de Julio, so named for its position on the mammoth 10-lane boulevard traversing the city. Both hotels are located downtown, near such tourist attractions as the Obelisque and the Teatro Colon. Another addition to the city: the luxury 91-room Blue Tree Buenos Aires Ker, in tony Recoleta.


One of the most favorable exchange rate ever—$3.80 pesos to the dollar—means that, despite inflation, Buenos Aires is once again a super-affordable destinations. A night in the new NH 9 de Julio, for example, is going for a paltry $104.


The venerable Teatro Colon will reopen in May after months of renovations to celebrate its centennial, with a star-studded opera calendar that includes Puccini’s La Bohème and Mozart’s Don Giovanni. And a museum dedicated to writer Jorge Luis Borges is rumored to be opening in his Palermo home some time in the next year.

Starting January, it’s going to be a lot harder to get hotel and dinner reservations in BA; smart travelers will start planning now.

Catesby Holmes is an assistant research editor at Travel + Leisure.