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BHG Announces Management of 1,580 Rooms in 7 New Hotels

Wednesday, April 25, 2012 5:57 PM


SAO PAULO, April 25, 2012 /PRNewswire/ -- BHG S.A. – Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) announces that through its company in the north of Brazil, the hotel administration company firm Solare, the Company has signed a series of agreements for the management of hotels in said region.

All the managed hotels are currently under development, with the Gran Solare Resort e Suites located in Maceio (AL), with 384 rooms, scheduled to open by the end of 2012.

In 2013, two hotels will be launched in Maraba (PA), a 120-room Golden Tulip and a 150-room Tulip Inn. Maraba, the fourth most populated city with the fifth highest GDP in the state, is the main center of political, social and economic development in southern Para and one of the most dynamic cities in Brazil. The region has major logistics infrastructure, with a port, airport, railway and growing industrial complex (especially steelmaking), in addition to playing an important role in agriculture.

In 2014, BHG will begin managing a new Soft Inn with 196 rooms in Imperatriz (MA), dubbed the "Portal of the Amazon" and "Capital of Energy", the city is the second largest economic, political, cultural and population center in the state and connects southwestern Maranhao, northern Tocantins and southern Para.

Also in 2014, a 121-room Tulip Inn will be launched in Castanhal (PA), located 65 km east of Belem, the state capital. Castanhal has become an important commercial center for agriculture and is now consolidating itself as a technological center. The region also concentrates many energy companies specializing in high voltage and drilling technology.

Finally, in 2015, the Company will begin operating a 249-room Soft Inn in Maceio (AL) and a Gran Solare Suites with 360 rooms in Imperatriz (MA).

"We are following the Company's strategic plan, increasing our presence in places where there is economic growth and demand for hotels", stated Pieter J. F. van Voorst Vader, CEO of BHG S.A – Brazil Hospitality Group. "We also take into consideration investments made by the Growth Acceleration Program (PAC), as well as other factors, which have proven to be fundamental in fueling the economy of the region and allowing the spread of development complexes in the country," added the CEO.

With the new hotels, BHG, which currently has 45 owned and managed hotels, with 8,322 rooms, will increase to approximately 12,400 at the end of 2015, distributed in 65 hotels, located in 17 states and in the Federal District.

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 three-, four- and five-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.

Media Relations
BHG S.A. – Brazil Hospitality Group

Fernanda Pannunzio
fpannunzio@bhg.net
11.3577.2302 / 11.9668.7249

SOURCE BHG S.A. - Brazil Hospitality Group

(Source: PR Newswire )
(Source: Quotemedia)

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