Brazil Hospitality Group Launches Para's Largest Hotel Complex

Composed of Tulip Inn Hangar and Soft Inn Hangar, it is the largest project in the state, with 405 rooms.

Brazil Hospitality Group
Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY ) Hangar Hotel Complex begins its operations. Composed of Tulip Inn Hangar and Soft Inn Hangar, it is the largest project in the state, with 405 rooms. The innovative project was designed by Liberty Incorporadora, managed by the holding company MB Capital located in Para to serve Para capital's large events public.

Located at Avenida Duque de Caxias, on the corner of Travessa Alferes Costa, the Hangar Hotel Complex is strategically positioned, near to Hangar Convention Center and Amazon Fairs, and the Belem International Airport.

"In December 2010 we announced the beginning of operations of BHG in Northern Region, given the announced large public and private investments in the state, which increases demand for corporate tourism in the region," highlights Pieter J. F. Van Voorst Vader, CEO of BHG.

Soft Inn Hangar has 273 low-cost rooms. Tulip Inn Hangar has 132 rooms and was planned to meet more demanding executives' needs. The complex has two event rooms, swimming pools, international-standard restaurant and fitness center.

BHG S.A. – Brazil Hospitality Group, the country's third largest hotel chain, is the first Brazilian company to operate in the real estate segment specializing in business tourism hotels, with owned and managed hotels in the 3-, 4- and 5-star categories.

The exclusive contract with Golden Tulip Hospitality Group in South America allows it to use the Royal Tulip (5-star), Golden Tulip (4-star) and Tulip Inn (3-star) brands. BHG also has the Soft Inn brand, used for limited-service 2-star hotels, which offer an attractive cost-benefit ratio for corporate tourism.

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, United States, under the ticker BZHGY. In September 2012, BHG announced the beginning of a Fundo de Investimento em Participacoes (FIP) [Private Equity Fund], with the purpose of investing in the development of greenfield real estate projects in the domestic hotel sector, in the midscale category. The development of greenfield hotels will be one of the key growth drivers for BHG in the coming years.

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