Notice to the Market

Operational start-up of Marina Palace Hotel in Leblon, Rio de Janeiro

BHG S.A. - In line with best corporate governance practices, Brazil Hospitality Group, a publicly-held company, the third largest hotel chain in Brazil ("Company" or "BHG"), hereby informs its shareholders and the market in general that as of January 8, 2014, the recently acquired Marina Palace Hotel (see the Material Fact disclosed on October 17, 2013) will be operated by the Company.

The hotel is located in front of Leblon beach and comprises 150 rooms, with expansion potential for ten more. The Company paid a total of R$151 million and intends to invest another R$15 million in improvements, so that the hotel meets the chain's standards.

Rio de Janeiro, January 7, 2013

Luiz Felipe
Investor Relations Officer
BHG S.A. - BRAZIL HOSPITALITY GROUP

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