Real estate developer Haut debuts in São Paulo with a luxury hotel

The work, estimated at R$ 32 million, starts early next year, and the hotel is expected to begin operating in the first quarter of 2025.

The company should also launch a city residential building by the year's end.

06/21/2022

The high-end developer Haut, from Recife, will have its first development in São Paulo. The company will build and operate the Artsy luxury hotel in Itaim Bibi, west of the capital. The work, estimated at R$ 32 million, starts early next year, and the hotel is expected to begin operating in the first quarter of 2025.

Haut also has another piece of land, already purchased in the city, close to Ibirapuera Park, reserved for a residential project. According to Thiago Monteiro, CEO of Haut, the residential will be launched at the end of the year. According to the developer, ten apartments will be measuring 180 square meters each, and the general potential sale value is R$ 42 million.

Source: Valor Econômico

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