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Article: Six Continents Hotels, Sao Paulo-based Group Sol Invest, Sign Agreement for Re-development of Historic Building Into a 480-Room Holiday Inn Select.
- Article from:
- Business Wire
- Article date:
- April 10, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Travel Writers
MIAMI--(BUSINESS WIRE)--April 10, 2002
Alliance Aimed At Re-development Of Central Sao Paulo
Historic Property Capitalizes On Global Re-urbanization Trend
Six Continents Hotels (NYSE:SXC)(LSE:SXC)(ADRs), the world's most global hotel company, and Sao Paulo-based Group Sol Invest, announced plans for the renovation of an existing building which was once the internationally-renowned Hotel Jaragua, a major destination for travel to Brazil's business capital in the 1950's.
The $17 million project is part of a major global re-development trend that is transforming abandoned or neglected areas into ...