Blackstone to acquire Windsor Atlantica Hotel.

Blackstone, a private equity firm has agreed to acquire the Windsor Atlantica Hotel on Copacabana Beach in Rio de Janeiro, Brazil. Financial terms were not disclosed. Blackstone has signed a management agreement with Hilton for this asset and following a period of transition plans to convert the hotel to the “Hilton Rio de Janeiro Copacabana”. “We are excited to acquire this one-of-a-kind premier hotel in Brazil and have been deeply impressed by Windsor’s stewardship of the asset. In line with our ongoing engagement with the Brazilian market and in close partnership with Hilton, we are pleased to expand our presence in the hospitality sector where we see continuing opportunity.” Marcelo Fedak, Blackstone Head of Brazil.