HSI has acquired a Brazil-based InterContinental hotel from Itaú Chile in a transaction valued at BRL150 million (approximately USD25 million).

Target Information

The target of this acquisition is an InterContinental hotel located in Brazil, which was previously owned by Itaú Chile. This prestigious hotel is part of the widely recognized InterContinental Hotels Group (IHG), known for its luxury accommodations and high-quality service. The purchase price for this transaction was approximately BRL150 million, equivalent to roughly USD25 million.

Industry Overview in Brazil

The Brazilian hospitality industry has shown resilience and a consistent recovery trajectory post-pandemic, making it an attractive market for investments. With an ever-increasing number of international visitors and a growing middle-class seeking leisure and business travel, the demand for upscale hotels remains robust. Furthermore, Brazil's diverse tourism landscape, from urban centers like São Paulo and Rio de Janeiro to tranquil resorts in the Northeast, enhances the industry's potential.

In recent years, investments in hospitality have shifted towards enhancing guest experiences and implementing sustainable practices to cater to the evolving preferences of travelers. Digital innovations are increasingly