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- 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.
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roadblocks being setup for people to be robbed... now that's scary...
Posted by: Furniture Quest | October 17, 2010 at 11:20 PM