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Blackstone acquires Rio’s Atlantica hotel

Copacabana Beach’s Windsor Atlantica Hotel has been acquired by funds managed by Blackstone’s real estate business, the firm announced today. Financial terms were not disclosed.

Blackstone signed a management agreement with Hilton for the Rio de Janeiro and plans to convert the 545-room hotel to the Hilton Rio de Janeiro Copacabana.

The 39-floor beachfront hotel was renovated in 2011 by its current owner and operator, Windsor Hotels.

“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.

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