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Accor develops Ibis and Formule 1 brands in Brazil


Accor announces the signing of the contract with one of the main Brazilian real estate investors - Walter Torre – concerning a development of a network of 20 Formule 1 and Ibis hotels in Brazil by 2010. The project includes about 5,000 rooms and an estimated total investment of about EUR 200 million.

According to this partnership agreement, 13 new Ibis hotels will be opened in 10 cities in Brazil – among them are Rio de Janeiro, Brasilia and Sao Paulo. As for Formule 1, 7 new hotels of the brand will appear in 7 cities, including Porto Alegre.



10.04.2008
 
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