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Rio – One of Rio's postcards, the Copacabana Palace Hotel will have a new owner from next year. LVMH, the parent company of the Louis Vuitton brand, announced on Friday that it would buy the $ 3.25 billion Belmond hotel chain, worth about $ 12 billion. of dollars.
In addition to the Copacabana Palace, Belmond also operates in Brazil, the hotel das Cataratas, in Foz do Iguaçu, in Paraná. According to the official announcement of the company, the transaction is expected to be finalized in the first half of 2019, Belmond shareholders having to approve the acquisition as well as the competition authorities to authorize the transaction.
"We are confident that, as a member of LVMH's world-clbad brand family, Belmond's ability to deliver unique and timeless luxury experiences will reach new heights," said President and Chief Executive Officer the direction of Belmond, Roeland Vos.
Opened in 1923, the Copacabana Palace was built by entrepreneurs Octávio Guinle and Francisco Castro Silva, at the request of the then President, Epitácio Pessoa.
In the iconic building, we have hosted personalities such as Madonna, Freddie Mercury, Santos Dumont, Nelson Mandela, Walt Disney, Princess Diana, Rolling Stones, among others. In 2009, this hotel was voted Best Hotel in South America by the World Travel Award, one of the most recognized in the world of tourism.
Belmond is present in 24 countries and operates 46 hotels, trains and cruises. * Trainee under the supervision of Thiago Antunes
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