Minor Hotel Group (MHG) has bought Tivoli Hotels and Resorts, a Portugal-based brand with 14 properties across Portugal and Brazil.
The acquisition of Tivoli Hotels and Resorts, which totals EUR 294.2 million, marks MHG’s strategic entry into Europe and Latin America.
The Tivoli acquisition is the latest in a series of international investments by Minor Hotel Group as part of its long term diversification strategy, which over the last two years has seen the group invest over USD $550 million in hotel projects in Southern and East Africa, Asia, Australia, South America and Europe. These investments include, in addition to Tivoli, a joint venture with Sun International, new hotel projects in Australia and Malaysia and investments with existing joint venture partners Rani Investment and Elewana Collection in Southern and East Africa.
With these additional Tivoli hotels, MHG’s overall hotel portfolio now totals 145 properties across 22 countries. Tivoli is a member of Global Hotel Alliance, to which three of MHG’s existing brands – Anantara, Avani and Per Aquum.
