MHG buys six hotels in Portugal and Brazil
Minor Hotel Group has paid €168 million for six hotels operating under the Tivoli Hotels & Resorts brand in Portugal and Brazil, plus ownership of the Tivoli brand in Brazil.
Included in the deal are four hotels in Portugal: one in Lisbon and three in the Algarve, plus two hotels in Brazil: the Tivoli Sao Paulo Mofarrej in Sao Paulo and the Tivoli Ecoresort Praia do Forte close to Salvador n Bahia.
In addition to the six properties, the acquisition includes a hotel operating platform and the intellectual property rights to the Tivoli Hotels & Resorts brand for Brazil.
The four hotels in Portugal are leased to a third-party, which owns the Tivoli brand for the country.
The six hotels will continue to operate as Tivoli and Tivoli Collection, the two brands within Tivoli Hotels & Resorts.
Tivoli Hotels & Resorts brands in Brazil and Portugal have existing co-marketing and co-distribution agreements. Tivoli is a member of Global Hotel Alliance, to which three of MHG’s existing brands – Anantara, AVANI and Per AQUUM – also belong.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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