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20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% 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10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 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Life & Society Real Estate

Rio’s Santa Teresa Gets Boost from French Hotel Group

By · April 18, 2016 · 3 min read

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By Georgia Grimond, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Santa Teresa has long been known as Rio’s charming, bohemian neighborhood. Located at the top of winding, cobbled streets, far from the coastline Rio is famous for, it shows a different side of the city from the penthouses and high-rises that stretch along the beachfront and surrounding residential areas.

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The view of Rio’s bohemian neighborhood from the Hotel Santa Teresa, which has recently been bought by the AccorHotels group, photo courtesy of AccorHotels.
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At the end of the nineteenth and beginning of the twentieth centuries it was home to the city’s wealthy families who sought the cool air of the elevated neighborhood. While retaining its charm and many of its grand houses, it is now a more affordable place to live and is favored by artists and tourists. AccorHotels, a large French hotel chain is capitalizing on this demographic by investing around R$100 million in the existing Hotel Santa Teresa Hotel and a new project.

The Hotel Santa Teresa is one of Rio’s best luxury, boutique hotels. It was previously owned by another French hotel brand, Relais & Château. Now, under the management of Accor, it has be known as the M Hotel Santa Teresa Rio de Janeiro MGallery by Sofitel, since March 19, 2016 when it was rebranded.

The five-star hotel is a former fazenda, or farm, set among a tropical garden with 44 bedrooms, a pool, spa, restaurant, bar and panoramic views. Accor are planning in channelling R$30 million in upgrade and improvements to the hotel.

One hundred meters away, the group are building a second hotel, a Mama Shelter. With rooms priced at around R$450, it will be a more affordable option to the Hotel Santa Teresa but will retain the high level of comfort and service that guests can expect from a member of the Accor group.

Brazil, Brazil News, Rio de Janeiro, Rio, Hotels, AccorHotels, Hotel Santa Teresa, Mama Shelter, M Hotel Santa Teresa Rio de Janeiro MGallery by Sofitel
Santa Teresa’s “tropical chic” has inspired R$100 million in investment from the French hotel group, AccorHotels, photo courtesy of AccorHotels.

“We really wanted to bring these two brands to Brazil, and in Santa Teresa we found the perfect opportunity. The ‘tropical chic’ style fits perfectly in the spirit of MGallery by Sofitel and Mama Shelter, rather resembling the Montmartre in Paris, due to the large number of artists who have studios and live in the area,” explains Patrick Mendes, CEO of AccorHotels South America.

“The cultural, culinary and modern environment also adapt perfectly to the public. We will bring the distribution and digital structure of the AccorHotels group, always assuring a sustainable market and development that is harmonious with this emblematic neighborhood of Rio culture.”

Santa Teresa’s position, in the hills above the city’s Centro, has proven to be an inconvenience in the last five years as taxi drivers are often reluctant to go up there and infrequent buses have been the only form of public transport.

However, the situation has improved recently with the reinstatement of the neighborhood’s infamous yellow tram, known as the bonde. It was taken out of service following a serious crash in 2011 but has now been returned to its former glory and once again provides a vital link between the city below and Santa Teresa above.

The combination of a greater selection of high-end hotels to stay at and improved transport are likely to encourage more visitors to the neighborhood and bring all round benefits to residents and business owners.

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