SAO PAULO, Oct. 3, 2011-- BHG S.A. – Brazil Hospitality Group (BM&FBovespa: BHGR3) announces that it will start to manage the hotel complex in Sao Conrado, Rio de Janeiro, starting on October 1, 2011.
agreement through a harmonious process, the hotel (currently called the
will cease to be operated by IHG on September 30. BHG will assume
management of the complex on the following day, with the new title,
period of transition began on March 22 of this year with the purchase
100% of the stock of Brascan Imobiliaria Hotelaria e Turismo S.A.,
to BHG President, Pieter J. F. van Voorst Vader, "hotel operations are
be interrupted at any time".
start of the management of this property, BHG will be adding 418
its portfolio, totaling 7.068 rooms distributed in 36 hotels.
BHG S.A. –
Brazil Hospitality Group is one of Brazil's leading hotel companies,
well as those it manages divided into categories of 3, 4 and 5 stars.
is responsible for the Golden Tulip brand in South America.
BHG is a
public company, with its shares traded on the Novo
Mercado of BM&FBovespa
with the ticker symbol