The company Accor announced the signing of an agreement with Walter Torre (one of Brazil's largest investors in real estate) on the construction by 2010, 20 hotel Ibis and Formule 1 in Brazil.
The project worth 200 million euros involves the creation of about 5000 hotel rooms.
Accor is present in the Brazilian market since 1976 and is a leader in cost hotels. There are in Brazil 45 in 7000 Ibis hotel rooms now days. After the opening of the first hotel in Sao Paulo in 1999, Ibis started to open hotels in other cities in the country. Under the new accord, 13 Ibis hotels will appear in 10 cities in the country, but mainly in Rio de Janeiro, Brasilia and Sao Paulo.
In 2001, in Sao Paulo property, opened the first hotel on 300 Formule 1 rooms. Today, the network has 7 large hotel rooms for 2000. The new agreement will further 7 hotel brand, including in Porto Alegre.
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