HSI’s foray into the hospitality sector began in 2013 through HSI Real Estate IV, with the acquisition of Arco, a portfolio of ten hotels representing 1,100 keys throughout the state of Sao Paulo.

Building on HSI’s success in the sector, we developed an additional nine hotels in various states under the flag Zii Hotéis, addition 900 keys to the portfolio. Doispontozero Hotéis, a hospitality operator, was established to ensure the active management of HSI’s hotel portfolio.

In February 2018, HSI reached an agreement with AccorHotels, a global leader in hospitality, and Atrio Hotéis, a Brazilian operator of over 50 hotels, to reflag the HSI portfolio with the Ibis Styles brand.

During 2020, we returned to the sector with the acquisition of Hilton Morumbi (SP), an upscale and iconic hotel in São Paulo, following a long bidding process involving all major players in the real estate market. HSI’s interest in the asset was driven largely by its prime location in São Paulo, the primary hospitality market in Brazil, and its consistent operating history.

HSI currently manages a portfolio of 2,500 keys.