Minor Hotels, a global hospitality group with over 640 properties operating and in development across 67 countries, and Grupo Petra, one of Paraguay’s leading real estate players, have signed two agreements in Madrid to strengthen their collaboration in the country. The agreements comprise a strategic partnership to explore new hotel development opportunities and a management contract for a new 116-room NH hotel in Asunción. The four-star property will operate under the NH Hotels & Resorts brand.
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