Blackstone Announces Acquisition of the Windsor Atlantica Hotel in Rio de Janeiro

Upscale hotel to be rebranded and managed by Hilton following a
transition period

NEW YORK--(BUSINESS WIRE)--Blackstone today announced that funds managed by its real estate
business have agreed to acquire the Windsor Atlantica Hotel on
Copacabana Beach in Rio de Janeiro, Brazil. As part of the transaction,
Blackstone has signed a management agreement with Hilton for this asset
and following a period of transition plans to convert the hotel to the
“Hilton Rio de Janeiro Copacabana”.

The irreplaceable 39-floor, 545-key beachfront hotel was comprehensively
renovated in 2011 by its current owner and operator, Windsor Hotels, and
is a main destination for both business and leisure travelers on one of
the most famous beaches in the world. Financial terms of the transaction
were not disclosed.

“We are excited to acquire this one-of-a-kind premier hotel in Brazil
and have been deeply impressed by Windsor’s stewardship of the asset,”
said Marcelo Fedak, Head of Brazil for Blackstone. “In line with our
ongoing engagement with the Brazilian market and in close partnership
with Hilton, we are pleased to expand our presence in the hospitality
sector where we see continuing opportunity.”

“Hilton is focused on continued growth in Latin America and this
exciting project with Blackstone allows us to expand our flagship Hilton
Hotels & Resorts brand to one of the most sought-after beach
destinations in the region,” said E. Fabian Rodriguez Suarez, managing
director development, Brazil and the Southern Cone Region, Hilton.
“Brazil is a key market for Hilton’s expansion efforts, and the signing
of Hilton Rio de Janeiro Copacabana reinforces our strategy to deliver
value for our customers, hotel owners, and shareholders.”

About Blackstone

Blackstone is a global leader in real estate investing. Blackstone’s
real estate business was founded in 1991 and has approximately $102
billion in investor capital under management. Blackstone’s real estate
portfolio includes hotel, office, retail, industrial and residential
properties in the US, Europe, Asia and Latin America. Major holdings
include Hilton Worldwide, Invitation Homes (single family homes),
Logicor (pan-European logistics) and prime office buildings in the
world’s major cities. Blackstone real estate also operates one of the
leading real estate finance platforms, including management of the
publicly traded Blackstone Mortgage Trust.

Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with over
$360 billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all on a
global basis. Further information is available at
Follow Blackstone on Twitter @Blackstone.

About Hilton

Hilton (NYSE:HLT) is a leading global hospitality company, with a
portfolio of 14 world-class brands comprising more than 4,900 properties
with over 800,000 rooms in 104 countries and territories. Hilton
is dedicated to fulfilling its mission to be the world’s most hospitable
company by delivering exceptional experiences – every hotel, every
guest, every time. The company's portfolio includes Hilton Hotels &
Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts,
Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton,
Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden
Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2
Suites by Hilton and Hilton Grand Vacations. The company also manages an
award-winning customer loyalty program, Hilton Honors. Hilton Honors
members who book directly through preferred Hilton channels have access
to instant benefits, including a flexible payment slider that allows
members to choose exactly how many Points to combine with money, an
exclusive member discount that can’t be found anywhere else and free
standard Wi-Fi. Visit for
more information and connect with Hilton on FacebookTwitterLinkedInInstagram and YouTube.


Blackstone (US)
Paula Chirhart, +1-212-583-5011
Thyago Mathias, (11) 3060-3397
Visconti, +1-786-866-7240