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

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.”