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.

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