Hotel Designs Industry News: Accor develops Ibis and Formula 1 in Brazil

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News - 22nd Jun 2008

Accor develops Ibis and Formula 1 in Brazil

Accor has signed a partnership agreement with Walter Torre, one of Brazil's leading real estate investors, to develop a network of 20 Formule 1* and Ibis hotels in Brazil by 2010. The project represents nearly 5,000 rooms and a total investment of about €200 million.

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