KLA advises TRXF11 on Hotel Emiliano Rio acquisition
KLA advised TRX Real Estate Fundo de Investimento Imobiliário (TRXF11) on the indirect acquisition of the property housing the Hotel Emiliano Rio de Janeiro, located in Copacabana, in a transaction valued at BRL 260 million. The deal marks the fund’s entry into the luxury hospitality segment and adds to its portfolio of high-end real estate assets.
The transaction was structured through the acquisition of the entire share capital of Forte Mar Empreendimentos e Participações, the company that owns the property at Avenida Atlântica 3.804, in Copacabana, Rio de Janeiro. Facing Copacabana beach directly, the Hotel Emiliano Rio de Janeiro is a five-star boutique property with 90 rooms, part of the Small Luxury Hotels of the World network, and ranked third among Rio hotels on TripAdvisor.
The property will remain linked to Grupo Emiliano, through a long-term atypical lease agreement spanning 20 years, with the first ten years under an atypical regime and annual adjustments based on the IPCA inflation index. The fund will not have direct exposure to the hotel’s operations, preserving its real estate-focused structure.
KLA’s team was led by partners Mariana Cortez (pictured), who focuses on Corporate Law, Mergers and Acquisitions, and Real Estate Law, and Livia Siviero, who specializes in Capital Markets and Real Estate business. The team also included Hebert Oliveira and Christian Taeger, from the Corporate Law, Mergers and Acquisitions practice, Roberta Capozzoli and Caroline Carvalho, from Capital Markets and Real Estate Business, and Amanda Lemos, from Real Estate Law.
The sellers, FIP Warehouse and J. Filgueiras, were advised by two law firms: BMA Advogados, with Cristiana Moreira, Luciana Lyra Bähr and Tatiana Amorim de Brito Machado, and Campos Mello Advogados, with Anna Luiza Piragibe and Nathane da Franca.
