Bristol, Plaza Inn and Solare merge to create the largest Brazilian hotel group
Three regional hotel groups in Brazil have announced the formation of Allia Hotels, the largest 100% Brazilian hotel chain in the country. As a result of this alliance between Bristol Hotels, based in Minas Gerais; Plaza Inn Hotels, based in São Paulo and Solare Hotel Group, based in Maranhão, Allia Hotels has a combined 40 hotels in operation and more than 3,000 rooms with approximately 1,600 employees.
Allia becomes the third largest hotel chain in Brazil, based on the number of properties, and will have a presence in six states and total revenues of approximately R$ 150 million in 2010.
The company already has a commitment of R$450M for the development of 30 new hotels.
"This alliance will give us more ability to grow and invest in expansion, at a time when the prospects are very favorable for the hospitality industry and tourism, besides increasing the management capacity of our enterprises," said André Monegaglia,CEO.
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