Grupo PGA raises R$ 25 million for hotel expansion

Grupo PGA, a developer and operator of high-end hotels in Northeast Brazil, has raised R$ 25 million through its first issuance of commercial notes on the B3 stock exchange. Based in Ipojuca, Pernambuco, the company utilized the new ‘Regime Fácil’ rules to facilitate this capital market debut.

The funds are intended to accelerate the company’s expansion pipeline, supporting various project stages from initial conception and approvals to construction and operational preparation. The operation was supported by Itaú Unibanco and leverages the simplified regulatory framework of the Regime Fácil, which is designed to provide smaller companies with annual revenues under R$ 500 million easier access to financing with reduced bureaucracy.