Operation allows BHG to become the first Brazilian company from the hotel sector to trade shares on the American OTC market

SAO PAULO, Jan. 27, 2012 /PRNewswire/ -- BHG S.A. – Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY ) hereby communicates that the ADR Level I Program, passed by the Company's Board of Directors on November 24, 2011, was approved by CVM and the Securities and Exchange Commission (SEC), the regulatory agency for capital markets in the United States.

Considered to be a tool to facilitate the entry of new shareholders, including institutional and individual investors who do not have direct access to the BM&FBovespa, the ADR Level I Program allows shares to be traded on the OTC market in New York. "The Program will result in greater liquidity and will provide higher visibility for the Company's shares. In addition to being the only Company from the hotel sector listed on the BM&FBovespa's Novo Mercado segment, this operation positions us as the only Brazilian company from the sector to trade shares on the OTC market in the United States," explains BHG president Pieter J.F. van Voorst Vader.

As of January 30, 2012, BHG's ADRs will be traded under the ticker BZHGY. The ADR Level I Program's depository bank will be The Bank of New York Mellon and the custodian bank will be Banco Itau S.A.

Each ADR will correspond to one (1) common share issued by the Company.

About BHG:

Brazil Hospitality Group is one of the leading hotel companies in Brazil, with its own and administered hotels in the 3, 4 and 5 star categories. The Company is responsible for the Golden Tulip brand in South America.

BHG is a publicly held company, with shares listed on the BM&FBovespa's Novo Mercado segment, under the ticker BHGR3, and with an ADR Level I Program for trading shares on the OTC market in New York, under the ticker BZHGY.

Media Relations
BHG S.A. – Brazil Hospitality Group
Fernanda Pannunzio
fpannunzio@bhg.net
11.3577.2302 / 11.9668.7249

SOURCE BHG S.A. - Brazil Hospitality Group

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