International Briefs

TRD New York /
Nov.November 25, 2009 10:01 AM

From the November issue: With Rio de Janeiro selected as the host city for the 2016 Olympic Games, the race is on to see which hotelier will undertake the bulk of the development projects needed to accommodate the influx of visitors. A Bloomberg report says that Rio de Janeiro needs to more than double its current number of hotel rooms before the games start, up to 48,000 from 22,000. Marriott International and Starwood Hotels & Resorts are thought to be early competitors for the job. The expansion effort could allow these international chains to make their mark in the region, according to Gregory Rumpel, an executive vice president at Jones Lang LaSalle Hotels. By his estimation, just 12 percent of hotels in Brazil are foreign-owned. Of particular concern in the coming months will be the need to ramp up the number of three- to five-star hotels in Rio de Janeiro. According to a March 2008 Olympiad Working Report on the 2016 games, the benchmark for accommodations during the summer games is a hotel density of at least 40,000 three- to five-star rooms. According to the report, Rio planned to address its shortage of upscale rooms by using cruise ships and condominiums. Of course, the report acknowledged, “the use of cruise ships … generally causes logistic and cost issues.”


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cushman & Wakefield CEO Brett White and the Oculus (Credit: Cushman & Wakefield and Unsplash)

Cushman’s management contract at the Oculus extended despite woes

New York Capital Region Apartment Association spokesperson Jaime Cain (Credit: iStock, Boylan Code)

Landlords of the world, unite?

NYCHA Chair Gregory Russ and NYCHA houses in Brooklyn (Credit: Minneapolis Public Housing Authority and Getty Images)

NYCHA residents are suing for 10 years of rent overcharges

James Famularo of Meridian Capital Group and Jeff Edison of Phillips Edison & Company (Credit: iStock)

What apocalypse? Expo showed few signs of retail’s struggles

(Illustration by Maciej Frolow)

The suburban S.A.L.T. shakeout

arrow_forward_ios
Loading...