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August 29, 2011

BHG acquires five hotels from MB Capital Group

Brazil Hospitality Group (BHG) is to acquire five new hotels in Belem, Brazil, from the MB Capital Group. BHG said the acquisition will add 1,010 rooms to its portfolio of owned and managed rooms. The hotels that BHG will manage include the 258-room Soft Inn Plus Batista Camp

By cms admin

Brazil Hospitality Group (BHG) is to acquire five new hotels in Belem, Brazil, from the MB Capital Group.

BHG said the acquisition will add 1,010 rooms to its portfolio of owned and managed rooms.

The hotels that BHG will manage include the 258-room Soft Inn Plus Batista Campos, the 127-room Gran Solare Connext, the 273-room Soft Inn Hangar and the 132-room Expresso XXI Hangar.

The agreement with MB Capital also involves the management of the 220-room Royal Tulip Bolonha, which will open in the first quarter of 2013.

Once the operation is complete, BHG will manage a total of 7,065 rooms, with additional growth of 405 and 220 rooms expected in the first quarter of 2012 and Q1 2013, respectively.

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