BHG Announces 5 New Hotels in Belem, Para
SAO PAULO, Aug. 25, 2011 /PRNewswire/ -- BHG S.A. - Brazil Hospitality Group (BM&FBovespa: BHGR3) announces the acquisition and administration of 5 new hotels in Belem, totaling 7 properties in the state capital of Para.
The acquisition will add 1,010 rooms to the portfolio of BHG (385 currently in operation, 405 to be inaugurated in 1Q12 and 220 to be inaugurated in 1Q13) between owned and managed rooms, acquired from the MB Capital Group (www.mbcapital.com.br). The group is a holding company focused on innovative and sustainable businesses, engaged in various market segments, such as real estate development, infrastructure, hotels, tourism, leisure activities and technology.
BHG will initiate the management of the hotels Soft Inn "Plus" Batista Campos, a limited-services economic hotel with 258 rooms, and the Gran Solare Connext, a top-tier hotel with 127 rooms, considered the best hotel in the city, by the end of the year. In addition to the properties cited, the Company will manage the Soft Inn Hangar, a limited-services economic hotel with 273 rooms, and the Expresso XXI Hangar, a property with 132 rooms, which will be completed in January of 2012, located close to the Hangar convention center and the city's airport.
The agreement with MB Capital also involves the management of the future Royal Tulip Bolonha, with inauguration scheduled for the first quarter of 2013, in one of Belem's most distinguished neighborhoods. It will be the first hotel in the North of Brazil under the Royal Tulip brand, with a total of 220 rooms, and will be the best business tourism hotel in the region.
According to BHG's President, Pieter J. F. van Voorst Vader, "in December of 2010, we announced the entry of BHG into Brazil's northern region, and now, we are very proud to announce 5 new properties in Belem."
The state of Para has benefited from large public and private investments, which increases the demand for corporate tourism in the region.
After completing the operation, the total number of rooms managed by the Company will increase to 7,065, with additional growth of 405 and 220 rooms ensured in 1Q12 and 1Q13, respectively. In addition, the 8 selected-services Tulip Inn projects already announced, will add another 1,308 rooms to the network. As a result, including owned, managed and those already contracted, the network is due to have approximately 9,000 rooms under management.
Communications Office
BHG S.A. – Brazil Hospitality Group
Fernanda Pannunzio
[email protected]
11.3577.2302 / 11.9668.7249
Grupo MB Capital
Rubens Magno
[email protected]
SOURCE BHG S.A. - Brazil Hospitality Group
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