Brazilian resort sector adapts to tax reforms and new investment models

The Brazilian resort sector is facing strategic shifts due to upcoming tax reforms and new investment models. Thiago Borges, President of the Resorts Brasil Council, noted that the reform necessitates an integrated management approach involving procurement, human resources, and financial planning to maintain profitability. He emphasized that purchasing decisions must now account for tax credits and supplier regimes rather than just the lowest sticker price.

In a separate development, the luxury resort project Maraey, located in Maricá, Rio de Janeiro, is working with Santander to structure a Real Estate Investment Fund (FII) valued at up to US$ 100 million. The goal is to attract pension funds, such as Previ and Petros, by offering a structure that dilutes operational risk. CEO Emilio Izquierdo aims to provide a more secure investment model than the previous Costa do Sauípe project, which resulted in significant losses for pension funds after being sold in 2017.