Blackstone Announces Acquisition of the Windsor Atlantica Hotel in Rio de Janeiro
March 20 2017 - 8:01AM
Business Wire
Upscale hotel to be rebranded and managed by
Hilton following a transition period
Blackstone today announced that funds managed by its real estate
business have agreed to acquire the Windsor Atlantica Hotel on
Copacabana Beach in Rio de Janeiro, Brazil. As part of the
transaction, Blackstone has signed a management agreement with
Hilton for this asset and following a period of transition plans to
convert the hotel to the “Hilton Rio de Janeiro Copacabana”.
The irreplaceable 39-floor, 545-key beachfront hotel was
comprehensively renovated in 2011 by its current owner and
operator, Windsor Hotels, and is a main destination for both
business and leisure travelers on one of the most famous beaches in
the world. Financial terms of the transaction were not
disclosed.
“We are excited to acquire this one-of-a-kind premier hotel in
Brazil and have been deeply impressed by Windsor’s stewardship of
the asset,” said Marcelo Fedak, Head of Brazil for Blackstone. “In
line with our ongoing engagement with the Brazilian market and in
close partnership with Hilton, we are pleased to expand our
presence in the hospitality sector where we see continuing
opportunity.”
“Hilton is focused on continued growth in Latin America and this
exciting project with Blackstone allows us to expand our flagship
Hilton Hotels & Resorts brand to one of the most sought-after
beach destinations in the region,” said E. Fabian Rodriguez Suarez,
managing director development, Brazil and the Southern Cone Region,
Hilton. “Brazil is a key market for Hilton’s expansion efforts, and
the signing of Hilton Rio de Janeiro Copacabana reinforces our
strategy to deliver value for our customers, hotel owners, and
shareholders.”
About Blackstone
Blackstone is a global leader in real estate investing.
Blackstone’s real estate business was founded in 1991 and has
approximately $102 billion in investor capital under management.
Blackstone’s real estate portfolio includes hotel, office, retail,
industrial and residential properties in the US, Europe, Asia and
Latin America. Major holdings include Hilton Worldwide, Invitation
Homes (single family homes), Logicor (pan-European logistics) and
prime office buildings in the world’s major cities. Blackstone real
estate also operates one of the leading real estate finance
platforms, including management of the publicly traded Blackstone
Mortgage Trust.
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $360 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
About Hilton
Hilton (NYSE:HLT) is a leading global hospitality company, with
a portfolio of 14 world-class brands comprising more than 4,900
properties with over 800,000 rooms in 104 countries and
territories. Hilton is dedicated to fulfilling its
mission to be the world’s most hospitable company by delivering
exceptional experiences – every hotel, every guest, every time. The
company's portfolio includes Hilton Hotels & Resorts, Waldorf
Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy
by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton,
Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton
Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by
Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The
company also manages an award-winning customer loyalty program,
Hilton Honors. Hilton Honors members who book directly through
preferred Hilton channels have access to instant benefits,
including a flexible payment slider that allows members to choose
exactly how many Points to combine with money, an exclusive member
discount that can’t be found anywhere else and free standard
Wi-Fi. Visit newsroom.hilton.com for more
information and connect with Hilton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20170320005574/en/
Blackstone (US)Paula Chirhart,
+1-212-583-5011Paula.Chirhart@blackstone.comorBlackstone
(Brazil)Thyago Mathias, (11)
3060-3397tmathias@llorenteycuenca.comorHiltonKarla Visconti,
+1-786-866-7240karla.visconti@hilton.com
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