Making Headlines...

• JW Marriott (NYSE: MAR) in Copacabana has been sold to Host Hotels & Resorts Ltd (NYSE: HST), but Marriott will continue to operate the property under a long-term agreement. I guess I'm not the only one commenting on the barriers to entry in the Brazilian marketplace, here's a quote from the release: "Host was able to acquire the fee-simple interest in an extremely high-barrier to entry location in a market which is experiencing exponential growth,” said Gregory Rumpel, executive vice president for Jones Lang LaSalle Hotels in Miami."  click here to read more.
• Last week when I was away there were several incidents of roadblocks being setup for people to be robbed... word travels fast and the San Francisco Chronicle just put out a piece in its Travel Alerts section noting that thieves have been particularly brazen as of late. More here. 
• The New York Times put out a piece about househunting in Brazil here. 
• I frequently hear from readers looking for opportunities to, well, basically do what we're doing, work for a multinational here in Brazil. Coming soon to Brazil, SNC Lavalin, the Canadian engineering firm, which just struck up a partnership with Brazilian company Alusa. Click here for more details. 

Comments

[Furniture Quest]

roadblocks being setup for people to be robbed... now that's scary...