Minor Hotel Group Completes Largest-Ever Hospitality Deal in Portugal with Acquisition of Tivoli Hotels & Resorts for EUR 294.2 Million

Minor Hotel Group | February 2, 2016

Bangkok, February 2, 2016: Minor Hotel Group (MHG), owner and operator of hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, today announces completion of the final stage of its acquisition of Tivoli Hotels & Resorts, a well-known Portugal-based brand with 14 properties across Portugal and Brazil. The acquisition of Tivoli Hotels & Resorts, which totals EUR 294.2 million, not only marks MHG's strategic entry into Europe and Latin America, but also provides the group with a strong operating platform to drive further growth in those markets. This represents ...