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BHG, Brazil Hospitality Group, to Manage the 140-room Tulip Inn Hotel
Under Development in Campos de Goytacazes, Rio de Janeiro, Brazil

SAO PAULO, July 5, 2012 -- BHG S.A. - Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) hereby announces that it has entered into a Memorandum of Understanding with PDG for the management of a hotel project to be developed in Campos de Goytacazes, Rio de Janeiro state.

This will be the second project operated by BHG in the municipality: in December 2010, the Company announced the construction of a 140-room Tulip Inn hotel in the selected services standard under development in the same city.

The MoU provides for the development of a 260-room hotel, with a complete conference area, a parking lot and a fitness center, which is expected to be inaugurated in early 2015. The project will be located at Avenida Pelinca, one of the most prestigious areas of the city, near downtown, and will receive the Golden Tulip brand, used in the 4-star hotel category.

Campos dos Goytacazes is the biggest and largest city in the interior of Rio de Janeiro. It is located by Petrobras's oil and natural gas exploration complex, on the continental platform of the Campos Basin, and is one of the regions where pre-salt wells are located.

According to the recent study disclosed by SISTEMA FIRJAN "Decisao Rio 2012-2014" (2012-2014 Rio Decision), the Rio de Janeiro state will receive investments worth over R$211.5 billion in the following two years in the oil and gas, shipbuilding, energy, steel and logistics sectors. "Campos is one of the municipalities with the highest potential for economic development, serving as a new logistics and strategic center in Brazil. The new Golden Tulip will meet this growing demand for business tourism, in synergy with the Tulip Inn to be built in the municipality," affirms BHG's CEO Pieter J. F. van Voorst Vader.

With this agreement, BHG now has 22 projects under development, which will add more than 4,400 rooms to the company's portfolio by 2015, 52% more than the 8,400 rooms managed by the company in its current 46 hotels.

About BHG:
BHG S.A. - Brazil Hospitality Group is one of the leading hotel companies in Brazil, with its own and managed hotels in the 3, 4 and 5 star categories. It is responsible for the Golden Tulip brand in South America.

BHG is a publicly-held company with shares traded on the Novo Mercado segment of the BM&FBovespa under the ticker BHGR3, and a Level I ADR program for trading its shares on the over-the-counter (OTC) market in New York, USA, under the ticker BZHGY.


BHG S.A. – Brazil Hospitality Group
Fernanda Pannunzio
55 11.3577.2302 / 55 11.9668.7249

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Also See: BHG, Brazil Hospitality Group to Manage the 418-suite Royal Tulip Rio de Janeiro in Brazil Formerly the Intercontinental / October 2011

Louvre Hotels Group Strengthens its Presence in France and Internationally with the Opening of 42 New Hotels in 2011 / September 2011

The Golden Tulip Warsaw in Poland Undergoing Renovation of Public Spaces to be Completed in September 2011 / August 2011

Louvre Hotels Group Continues Development of Golden Tulip and Tulip Inn With the Brand Transition of Three Fully-Owned Hotels / June 2011

Louvre Hotels and Golden Tulip Launch New Entity, Louvre Hotels Group, with a Portfolio of 7 Distinctive Brands with over 1,000 Hotels in 40 Countries / April 2011

Brazil Hospitality Group Acquires Brascan Imobiliaria Hotelaria e Turismo S.A., Sole Owner of the Hotel Intercontinental in Rio de Janeiro: Ends Year with 38 Hotels in Portfolio with Plans to Add 1,500 Rooms During 2011 / December 2010

Starwood Capital Acquiring Golden Tulip Hospitality; the Golden Tulip Brands to be Integrated with Starwood Capital's Budget Hotel Division - Louvre Hotels / June 2009

Starwood Capital Group Acquiring Controlling Interest in Groupe Taittinger, Societe Du Louvre, Europe's Second Largest Hotel Network / July 2005

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