Blackstone has agreed to buy the Windsor Atlantica in Rio de Janeiro from Brazil-based Windsor Hotels, and the company will reflag the 545-room property as a Hilton.

The hotel, which is located across the street from Copacabana Beach, will be renamed the Hilton Rio de Janeiro Copacabana. 

The property will be the only Hilton in the Copacabana/Ipanema Beach area. Hilton also has a 298-room property in Rio's Barra di Tijuca district.

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