BHG acquires Hotel Rio Palace

23rd August 2011 (Last Updated August 23rd, 2011 18:30)

Brazil Hospitality Group (BHG) has acquired the 388-room Hotel Rio Palace, Rio de Janeiro, Brazil. The property, which covers an area of 57,811m², has ten conference rooms to accommodate up to 2,000 people, a business centre with 13 meeting rooms, two restaurants, a bar and a gym.<

Brazil Hospitality Group (BHG) has acquired the 388-room Hotel Rio Palace, Rio de Janeiro, Brazil.

The property, which covers an area of 57,811m², has ten conference rooms to accommodate up to 2,000 people, a business centre with 13 meeting rooms, two restaurants, a bar and a gym.

The acquisition marks the end of BHG's negotiations with Veplan Hotels & Tourism, a company in bankruptcy.