Gafisa S.A. (BOVESPA:GFSA3) agreed to acquire Hotel Fasano Itaim from Taperebá Empreendimentos Imobiliários Ltda. for BRL 310 million on December 23, 2020. Assets acquired include restaurant, thirty-two autonomous units, located in Sub-condominiums 02 - Hotel, 04 - restaurant, and 03 - Studios. Purchase is made as a result of exercise of option and the finalization is expected to be in January 2021. Administrative Council for Economic Defense (“CADE”) approved the transaction on December 11, 2020.