30 Jan 2015
Minor expands into Europe and South America
BY Helen Andrews
Minor Hotel Group (MHG) has completed the strategic acquisition of six hotels in Portugal and Brazil and the rights to the Tivoli Hotels & Resorts brand for Brazil. MHG has thus chosen Portugal and Brazil as the starting points for future expansion into Europe and South America.
The Brazil acquisition comprises two Tivoli properties, one in Sao Paolo and one on the coast close to Salvador in Bahia – plus the intellectual property rights for the brand in the country.
In Portugal, MHG made strategic asset acquisitions of four Tivoli properties – one in the country’s capital, Lisbon, and three in the Algarve.
The spas at Tivoli-operated properties were managed by Banyan Tree, according to a report in Spa Business in 2012. It is unclear at this stage what form of management the properties’ spas will be under now.
MHG’s portfolio now includes a total of more than 16,000 keys across 125 hotels and resorts in 21 countries.
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