SOURCE: ADIT Brasil

ADIT Brasil

June 01, 2011 11:18 ET

ADIT Invest 2011 Announces Prospect Investments of 1.6 Billion USD in Real Estate Development for Brazil

ADIT Facilitates Real Estate Partnerships for Property Development Throughout Brazil

NEW YORK, NY--(Marketwire - Jun 1, 2011) - Luiz Henrique Lessa, President of the Association for Real Estate and Tourism Development in Brazil (ADIT) is pleased to announce the results and success of ADIT Invest 2011, held from May 10-12 in Fortaleza, Brazil, situated within the northeast region of the country, an area ripe for real estate hospitality and tourism development. More than 1,700 participants from around the globe were gathered at the conference, designed to introduce investors to real estate development opportunities throughout Brazil. Attendees participated in prescheduled meetings during the Business Round matching real estate projects with investors where ADIT has forecasted a total of 2.7 billion Reais (1.6 billion USD) in prospect investments for real estate development projects for the country during the Business Round of ADIT Invest 2011, a significant increase over last year's 1 billion Reais. "The transition of ADIT from a regional to a national organization in 2010 has opened the door to even greater opportunities for both the organization and those in attendance," says Lessa.

The conference kicked off with keynote speaker, Gary Garrabrant, Co-Founder and CEO of Equity International, and continued with a series of seminars, whose topics ranged from sustainable developments to possibly the largest urban redevelopment project in the Americas, the Porto Maravilha Project in Rio. Seminars featured expert panelists in their fields. The hospitality sector was well represented, and included Yan Caillere, COO of Accor, Pat McCudden, SVP of Development for Hyatt International, Pieter van Voorst Vader, CEO of Brazil Hospitality Group and Clay Dickinson, EVP of Jones Lang LaSalle. Mari Canton, Managing Director of INTL Provident Group and Managing Director and Axel Chaves, Managing Director of Paladin Realty Brazil discussed challenges and strategies used by international companies to enter the Brazilian market.

ADIT Investment Agency:
Founded in 2006, ADIT is a non-profit organization and is funded by Associate Members, and the conference was organized in conjunction with ApexBrasil (Brazilian Trade and Investment Agency) and the Ministry of Tourism. The ADIT Investment Agency is a non-profit organization focused on promoting partnerships between national and international investors and Brazilian executives that structure projects for financing in the areas including residential, hospitality, office buildings, shopping centers, real-estate-tourism, and logistic centers, among others. It has a diverse profile, centering on a relationship based on competence and transparency. Its focus is to support and guide future investment projects within Brazil's real estate and tourism sectors. For more information, please visit www.adit.com.br.

Documents and/or Photos available for this release:
Gary Garrabrant and Luiz Lessa
ADIT Invest 2011
ADIT Invest 2011
To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 298358