This is the Porto Bay Group's third destination in Brazil. Following on the heels of Rio de Janeiro and Búzios, the Porto Bay Group has now acquired a third property in the financial capital of Latin America, the five star L' Hotel São Paulo which shall from now on be known as Porto Bay L' Hotel São Paulo.

Porto Bay L' Hotel São Paulo is located on Alameda Campinas, on the corner of Avenida Paulista, in the financial and cultural centre of the city, close to the city's best restaurants, bars, museums and stores. This five star, eighty-room outlet is a boutique hotel with a restaurant, SPA, indoor pool and gym. It is affiliated to the Leading Small Hotels of the World, an organisation that carries weight in the luxury hotel sector.

This is the fourth investment for Invesvia, which includes the Portuguese groups Porto Bay and Logoplaste, who established their partnership four years ago with the acquisition of a property in Lisbon that is currently undergoing licensing. The Porto Bay brand broke into the international market with its entry into Brazil in January 2007.

Porto Bay Hotels & Resorts opened its first hotel in 1988. It operates out of Madeira where it owns four and five star hotels. The group's properties on Madeira include The Cliff Bay, Porto Santa Maria and the Vila Porto Mare resort that is made up of three hotels that share common facilities (Suite Hotel Eden Mar, Porto Mare and The Residence). Inaugurated last year, Porto Bay Falésia in the Algarve is the group's first property on mainland Portugal.

In Brazil the brand is present with Porto Bay Rio Internacional in Rio de Janeiro, Porto Bay Glenzhaus lodge in Búzios and, now in São Paulo, with its new five star hotel Porto Bay L' Hotel São Paulo. The products differ in terms of concept but all ascribe to the same quality seal guaranteed by the Porto Bay brand that now boasts a total of 1360 rooms and covers four destinations with nine hotels.

The acquisition was completed today, 29th May 2009