Spain’s NH Hotels has enlisted Lefosse to acquire the Brazilian operations of its parent company, Thai counterpart Minor Hotel Group, as part of a restructuring process through which the two hoteliers are combining their brands. Minor relied on Souto Correa Advogados in the deal, which was signed on 19 September.
Through the deal, NH will acquire three hotels in Brazil: the NH Feira de Santana and Tivoli Praia do Forte in Bahia and Tivoli Mofarrej in São Paulo. The Spanish group will make the acquisition by purchasing 100% of Minor’s Brazilian subsidiary Pojuca and its Luxembourg-based holding group, which previously held the interest.
The deal takes place in the context of a restructuring, through which Minor Hotels is unifying its European and Latin American operations. Following the restructuring, NH is now known as Minor Hotels Europe & Americas.
Headquartered in Madrid, NH Hotel Group, now known as Minor Hotels Europe & Americas in Europe and Latin America, operates over 350 hotels in 35 countries.
Founded in 1967, Minor Hotels is one of the world’s largest hospitality groups, with over 80,000 rooms in some 540 hotels in 56 countries.
Latin America’s hotel industry has seen numerous transactions so far this year. In August, the parent company of Mexican hotel operators Operadora Hostelera del Corredor Mayakoba and Inmobilaria Nacional Mexicana obtained a loan worth US$380 million. This came a few months after Mexican real estate developer Thor Urbana acquired a vineyard and hospitality complex Bruma-Vinicola from local counterpart Casa Arroyuelo Guadalupe.
Counsel to Minor Hotel Group
Souto Correa Advogados
Partner Tiago Gomes and associate Sofia Jardim