Minor Hotel Group acquires properties in Portugal and Brazil

Minor Hotel Group (MHG) has marked its entry into Portugal and Brazil's hospitality sectors with the acquisition of six hotels.

Tivoli Ecoresort Praia do Forte, Brazil
Tivoli Ecoresort Praia do Forte, Brazil
The £125m investment includes four hotels in Portugal – one in the capital Lisbon and three in the Algarve – and two in Brazil, where MHG has also acquired intellectual property rights to the Tivoli Hotels & Resorts brand.

All six hotels will continue to operate as Tivoli and Tivoli Collection, the two brands within Tivoli Hotels & Resorts.

MHG already owns and operates hotels and resorts in 19 countries across Asia Pacific, the Middle East, Africa and the Indian Ocean. The new acquisitions form part of the brand's future expansion plans Europe and South America.

William E Heinecke, chairman and group CEO of Minor International (MINT), MHG’s parent company, said: "In recent years, MINT has focused on expansion in Asia, Australia, the Middle East and Africa. With the current portfolio already starting to bear fruit, MINT is now looking beyond for compelling opportunities that will further expand its global coverage and steepen MINT’s long-term growth trajectory.

"The Tivoli Brazil portfolio not only generates immediate revenue and earnings contribution, it also allows MINT to leverage on this existing Brazil operating platform for potential expansion of MINT’s other brands and businesses into South America, and the four Portugal hotels will serve as our entry for MINT to build a strong business in Europe."

In Portugal the properties include: the 306-room Tivoli Lisboa in Lisbon; the 383-room Tivoli Marina Vilamoura; the 196-room Tivoli Marina Portimao and the 293-room Tivoli Carvoeiro.

In Brazil they include: the 220-bedroom Tivoli Sao Paulo Mofarrej in Sao Paulo; and Tivoli Ecoresort Praia do Forte, a 287-bedroom resort in the heart of an ecological reserve on the coast close to Salvador in Bahia.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
The future of event feedback

The future of event feedback

A look at how new technology is changing the nature of feedback for event planners.

SevenEvents hires new project manager

SevenEvents hires new project manager

Jade Davies joins from Touch Associates and her new role will include developing client relationships.

Cievents VP talks US market trends, challenges and opportunities

Cievents VP talks US market trends, challenges and opportunities

Alison Howlett, vice president of live events, talks about creating business opportunities, US trends and popular destinations.

Case study: PPA Festival at Tobacco Dock

Case study: PPA Festival at Tobacco Dock

The Professional Publishers Association held an education festival in May 2018 with guest speakers including politicians and actors.

New director and event coordinator for Pure

New director and event coordinator for Pure

Agency promotes client services director and hires event coordinator to strengthen the team.

Loganair to take over cancelled Flybmi routes

Loganair to take over cancelled Flybmi routes

Glasgow-based company Loganair has stepped in start flying five of Flybmi's routes from next month.

How to increase your sustainability credentials

How to increase your sustainability credentials

Sustainability can be achieved with simple actions, says Elizabeth Thomas from the International Corporate Governance Network.

London venues hosted 37% more events in 2018

London venues hosted 37% more events in 2018

Year-on-year increase from Unique Venues of London shows strong demand for events in the capital.

Why you should design human-centric experiences

Why you should design human-centric experiences

At EMEC19 in The Hague, Kim Myhre of MCI Experience gave an insightful talk on design-thinking in events.

New event producer for HGA

New event producer for HGA

Becky Jones-Williams has previously worked at Event Concept and will work for clients in a range of sectors.

LATEST JOBS