Minor Hotels and Grupo Petra to Develop New NH Hotel in Asunción, Expanding Collaboration in Paraguay
📍 In Madrid, Minor Hotels, a global entity with 640 properties in 67 countries, and Paraguay's Grupo Petra signed agreements for new hotel ventures in Asunción. A strategic partnership focuses on NH, NH Collection, and Tivoli brands. A new 116-room NH hotel, starting construction in 2027, will open in 2029. Located on Calle Quesada, it features a rooftop restaurant, bar, meeting spaces, and more. This venture enhances Minor Hotels' asset-light growth strategy, leveraging Grupo Petra's local expertise.
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