Publicly Traded Company


Opening of another Fasano unit

JHSF Participações S.A. ("JHSF" or "Company") hereby informs that through its subsidiary Hotel Marco Internacional, entered into an agreement with Even Construtora and Incorporadora S.A. to open a Fasano Hotel in the City of São Paulo, in the Itaim neighborhood.

The luxury complex with the Fasano brand will have a hotel, with approximately 120 rooms, high-end restaurants and a residential tower with services provided by the hotel to the residences, increasing revenue in the complex.

The sale of the project will provide to JHSF a branding fee of 1.5% of the PSV from the residential units.

This project follows the strategy of the Fasano Group business model, with its expansion taking place through operations in third-party assets, with a long-term managing contracts, and compensation based on a share of revenues and operating income of the managed hotels.

The current hotel management contract includes advisory activities during the pre-operational phase of the construction followed by the operation of hotel, restaurants and residential.

Project launch is scheduled for the first half of 2019 and hotel operations will start immediately after the residential and hotel units are delivered.

This launch reinforces the capacity of the Fasano brand to add value to high quality real estate projects, adding elegance and luxury and increasing sales pace and higher margins.

São Paulo, December 13, 2018.

Last Update on December 13, 2018

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