Property in Rio de Janeiro, Brazil, is beginning to look very attractive for foreign investors as prices continue their swift decline, fuelled by a sharp devaluation of the Brazilian Real.
Historic Hotel Gloria Renovation Delayed
July 7, 2011 by
The renovation of the historic Hotel Gloria in Rio de Janeiro has been delayed by two years, and it will now be completed just five months before the country hosts the 2014 World Cup. The hotel is being renovated by Brazilian billionaire Elke Batista’s holding company EBX Group Co. Ltd, and should have opened this [...]
