Brazil Hospitality Group (BHG S.A.) announced the acquisition and administration of five new hotels in Belem, totaling 7 properties in the state capital of Para.
The acquisition will add 1,010 rooms to the portfolio of BHG (385 currently in operation, 405 to be inaugurated in 1Q12 and 220 to be inaugurated in 1Q13) between owned and [...]

The Travelers Companies, Inc. announced Tuesday it has completed its acquisition of a 43 per cent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil with a market share in excess of 30 per cent.
Travelers’ investment in newly issued shares will significantly increase JMalucelli’s capital [...]

According to a report carried Wednesday by Brazilian newspaper Valor Economico, Europe’s largest travel company TUI Travel, is in talks to acquire CVC Brasil. The Brazilian firm is currently the biggest player in the country’s travel sector.
Without revealing its source of information, Valor Economico indicated that TUI travel is in talks with CVC’s controllers, the [...]

US based Travelers Companies Inc is to invest in Brazilian firm Malucelli Participações em Seguros e Resseguros S.A via a joint venture agreement. The American based firm announced it had gone into an agreement for which it would invest in Malucelli, Brazil’s foremost firm in the surety insurance business. The Brazilian firm commands a market [...]