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Accor's $275M Hotel Group Buy Boosts Presence In Brazil

By Liz Hoffman (July 16, 2012, 5:05 PM EDT) -- French hospitality giant Accor SA will pay $275 million for the South American hotel business of Mexico's Grupo Posadas SA de CV, placing itself squarely in front of Brazil's tourism boom and continuing to pursue growth in emerging markets as Europe lags....

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