Portugal’s largest hotel group to invest 40 mln in Brazil

Portugal’s largest hotel group to invest 40 mln in Brazil


Portuguese hotel group Pestana, the largest in the sector in Portugal recently announced that it would invest 40 million Euro in Brazil over the next three years. This move is part of its strategy to expand its capacity in Latin America's largest economy, Portuguese daily newspaper Publico reported.Luigi Valle, director of the group said that the Pestana group had already invested around 50 million Euro in Brazil, where it currently has nine hotels in Rio de Janeiro, Sao Paulo and Curitiba and i...


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