NH Hotel Group S.A (ES:NHH) has released an update.
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NH Hotel Group’s Brazilian Expansion: The NH Hotel Group S.A has announced the acquisition of a significant hotel portfolio in Brazil, expected to yield around 60 million euros in revenue and contribute over 20 million euros to EBITDA by 2025. This strategic move not only solidifies NH Hotel Group’s presence in Latin America but also marks its entry into major Brazilian cities and tourist destinations. The deal, valued at 212 million euros and paid in two installments, aligns with the company’s asset-light model and is financed through existing cash reserves.
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