Pullman Hotel and Ibis Expo SP Hotel were acquired by XP Hotéis FII from Setin, which also became an investor of the REIT
igc partners is proud to announce that it has advised Setin Group on the acquisition of the Pullman Ibirapuera Hotel and the Ibis Expo SP hotel by XP Hotéis FII, a hospitality REIT. The transaction also involved Setin joining as an investor of the REIT. Both properties are located in privileged areas of the city of São Paulo.
Headquartered in São Paulo, Setin is one of the largest real estate developers in Brazil. Already developed more than 6.6 thousand hotel rooms in +30 properties, accumulating extensive track record in the hospitality segment. The group also works with residential and commercial real estate development.