Minor International Public Company Limited ("MINT") today announces that it has made a strategic acquisition of a hotel portfolio of over 1,600 keys, consisting of: (i) two hotel properties in Brazil, including a hotel operating platform and the intellectual property rights of Tivoli Hotels & Resorts brand in Brazil,
and (ii) four hotel properties in Portugal. The EUR-168-million milestone investment allows MINT to expand into the hospitality sector in Brazil, a premier destination in South America and the regional economic powerhouse, as well as make strategic asset acquisitions of well-positioned hotels in Portugal, a country with strong hospitality market and fast recovering
economy. Furthermore, the acquisition has established MINT’s two strategically-chosen countries for its future expansion into Europe and South America.
source:http://mint.listedcompany.com/newsroom/20150128-mint-pr01-en.pdf
and (ii) four hotel properties in Portugal. The EUR-168-million milestone investment allows MINT to expand into the hospitality sector in Brazil, a premier destination in South America and the regional economic powerhouse, as well as make strategic asset acquisitions of well-positioned hotels in Portugal, a country with strong hospitality market and fast recovering
economy. Furthermore, the acquisition has established MINT’s two strategically-chosen countries for its future expansion into Europe and South America.
source:http://mint.listedcompany.com/newsroom/20150128-mint-pr01-en.pdf