Minor Hotels has signed two agreements with Paraguayan real estate company Grupo Petra in Madrid to expand its footprint in South America. The partnership includes a management contract for a four-star, 116-room NH Hotel in Asunción, scheduled to open in late 2029, alongside a strategic framework to explore further developments across Paraguay under the NH, NH Collection and Tivoli hotel brands.
Minor Hotels has expanded its footprint in Austria by signing the historic Grand Hotel Europa in Innsbruck. The landmark property will join the NH Collection portfolio and is set to become the city's only five-star hotel following an extensive renovation. Scheduled to open in 2029, the revamped luxury hotel will feature 120 rooms, a rooftop bar and a restored historic ballroom.
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