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Marriott makes investment in Brazil

Date added: 19th November, 2010 at 09:16
(view all articles from November, 2010)

Categories: Hotels

Hotels for sale in Brazil may be in demand, as inn chain Marriott has announced it will invest in the country.

The company is set to expand its presence in the nation, working with Brazilian property developer PDG Realty SA Empreendimentos & Participacoes.

As many as 50 new Fairfield hotels will be built in the country, adding to the four inns the chain already operates in Rio de Janeiro and Sao Paulo.

President and chief operating officer Arne Sorenson commented: "Introducing the Fairfield brand in Brazil couples our focus on expanding into new markets with a wider range of development opportunities for hotel investors."

Marriott recently stated it would increase the number of rooms it owns by 30,000 each year.

The hotel chain opened its first hotel in 1957 - a 365-room drive-in development with a swimming pool in the summer and an ice rink in the winter.

For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for investment in Brazil. ADNFCR-1477-ID-800245598-ADNFCR

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