GTIS Partners, GP Investments buy Brazil Hospitality Group

GTIS Partners and GP Investments have closed their August 2014 $400 million tender offer for the shares of Brazil Hospitality Group, a Brazilian hotel owner. The deal gives GTIS Partners an about 70 percent stake in the company, with the remainder owned by GP Investments. The deal gives GTIS and GP Investments 52 hotels to operate, comprising 10,000 rooms, mostly in Sao Paulo and Rio de Janeiro’s oceanfront.

GTIS Partners re-hires Boyle as CFO

GTIS Partners, a real estate private equity firm, has re-hired Amy Boyle as managing director and chief financial officer. Boyle replaces former CFO, Grace Cheng. Prior to GTIS, Boyle worked as CFO of three publicly registered real estate investment trusts advised by American Realty Capital. Before, she was CFO for the Clarion Lion Properties Fund. From 2006 to 2009, Boyle worked as vice president and controller at GTIS Partners.

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