Article: BRAZIL: JOINT VENTURE CONSTRUCTION PLANS FOR PROPOSED $105,000,000 HOTEL, GRUPO POSADAS [MEXICO] & INPAR CONSTRUCOES E EMPREENDIMIENTOS IMOBILIARIOS LTDA [BRAZIL] - Order #: 110899.

PROJECT OVERVIEW:

A Mexican/Brazilian joint venture was recently established in view of building new Caesar Park hotels in Brazil. The partners in the planned undertaking include Mexico-based GRUPO POSADAS, Latin America's leading hotel company, and the local INPAR CONSTRUCOES E EMPREENDIMIENTOS IMOBILIARIOS LTDA a development firm.

Construction plans under consideration call for building more than 1,200 additional hotel rooms over the next 2 years. As things currently stand, the partnership is soon expected to begin building a $40,000,000 convention center near Sao Paulo's Guaruhols International Airport. The complex in question will incorporate 383 ...

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