View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
October 18, 2010

Marriott Hotel Sold in Brazil

The JW Marriott Rio de Janeiro on Copacabana Beach in Brazil has been sold to Host Hotels & Resorts for $47.5m. Jones Lang LaSalle Hotels oversaw the sale on behalf of Marriott International. Marriott will operate the 245-room hotel on behalf of Host under a long-term ma

By cms admin

The JW Marriott Rio de Janeiro on Copacabana Beach in Brazil has been sold to Host Hotels & Resorts for $47.5m.

Jones Lang LaSalle Hotels oversaw the sale on behalf of Marriott International.

Marriott will operate the 245-room hotel on behalf of Host under a long-term management agreement, according to realestatechannel.com.

Jones Lang LaSalle Hotels executive vice-president Gregory Rumpel said: “Host’s acquisition is a strategic move in a market that is experiencing exponential growth.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hotel Management Network