{"id":1004136507,"date":"2016-02-05T08:59:42","date_gmt":"2016-02-05T16:59:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136507"},"modified":"2020-05-14T05:15:29","modified_gmt":"2020-05-14T13:15:29","slug":"minor-hotel-group-acquires-portuguese-hospitality-brand-for-329m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/minor-hotel-group-acquires-portuguese-hospitality-brand-for-329m\/","title":{"rendered":"Minor Hotel Group Acquires Portuguese Hospitality Brand for $329M"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Bangkok<\/strong>\u2014Minor Hotel Group<\/a> (MHG) recently completed the final stage of acquiring the Portugal-based Tivoli Hotels & Resorts<\/a>. The $329 million deal marks the biggest hospitality transaction in Portugal.<\/p>\n

\"Tivoli<\/a>

Tivoli Lagos Hotel Beach Club & Golf<\/p><\/div>\n

With 16 properties across Portugal and Brazil, the Tivoli Hotels & Resorts brand was bought in separate stages over the course of more than 12 months. The final transaction follows MHG’s acquisition in 2015 of five Tivoli hotels in Portugal and two Tivoli hotels in Brazil, along with the Tivoli brand in Brazil. MHG plans to invest further in the Tivoli hotel assets to further enhance the positioning of the brand across its markets.<\/p>\n

The final stage of acquiring the Tivoli Hotels & Resorts brand comprises seven hotels in Portugal:<\/p>\n