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CPP Investments, HSI Form Joint Venture for Hilton Hotels in Brazil
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Hotel News Resource
In Brief: CPP Investments plans to invest approximately C$200 million for a 49.5% interest in Hilton Copacabana and Hilton Morumbi through a joint venture with HSI.
Hilton Copacabana - Image Credit HiltonCPP Investments announced plans to invest approximately C$200 million for a 49.5% interest in two Hilton hotels in Brazil through a joint venture with HSI.
The investment involves Hilton Copacabana in Rio de Janeiro and Hilton Morumbi in São Paulo.
Hilton Copacabana has 545 rooms and is located on the beachfront overlooking Copacabana Beach in Rio de Janeiro.
HSI manages approximately US$2.5 billion in assets across private real estate, listed real estate and credit strategies.