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Showing posts from September, 2014

Park Hyatt Foz do Iguaçu will become the first Park Hyatt hotel in Brazil

Press Realease C HICAGO--(BUSINESS WIRE)--  Hyatt Hotels Corporation  (NYSE: H) announced today that a Hyatt affiliate has entered into a management services agreement with 5 Star Empreendimentos Imobiliários Ltda for a Park Hyatt hotel in Foz do Iguaçu, Brazil. Park Hyatt Foz do Iguaçu will become the first Park Hyatt hotel in Brazil and is expected to open in 2017. Park Hyatt Foz do Iguaçu will be located in the city of Foz do Iguaçu, Paraná in southwest Brazil. The city is home to Iguaçu National Park, a world heritage site that is world-renown for its waterfalls aptly named Iguaçu Falls. The national park shares its borders with Paraguay and Argentina, making it a coveted resort, eco-travel and meetings and incentives destination. The hotel will be an important component of a mixed-use development that will be situated on a 98-acre parcel of land located on the riverbank of the Iguaçu River. The development will also include 30 Park Hyatt-branded two and three-bedro...

Advent International to invest in Cataratas do Iguaçu S.A.

PRESS RELEASE SÃO PAULO, August 27, 2014  – Advent International, one of the largest and most experienced global investors dedicated solely to private equity, today announced that it has agreed to make a significant equity investment in Cataratas do Iguaçu S.A. (“Cataratas”), the leading concessionaire of services at Brazil’s national parks. Advent will work closely with the company’s current shareholders, all of whom will retain ownership in the business, to improve Cataratas’s services and operations and expand into additional parks and tourism-related businesses in Brazil. The investment, which is subject to certain closing conditions, is expected to be completed in the second half of 2014. Terms were not disclosed. “Advent’s local presence and worldwide expertise in tourism-oriented retail, food and beverage, concessions and leisure businesses will enhance Cataratas’s ability to provide memorable experiences to the millions of people who visit the national parks where we h...