NOTICE TO THE MARKET

BHG S.A. - Brazil Hospitality Group ("Company"), further to the disclosure made in the Material Fact dated as of August 8, 2014, hereby informs its shareholders and the market that it was made available, on the date hereof, in the Company's website (www.bhg.net/ri/), a brief summary based, among others, on information provided by Razuya Empreendimentos e Participações S.A., due to certain questions and concerns raised until the date hereof by shareholders of the Company in connection with the launching of the tender offer for purpose of delisting the Company as a publicly-held company and, consequently, delisting the Company from the special trading segment of Novo Mercado, maintained by BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros.

The management of the Company will maintain its shareholders and the market informed of the subject matter of this Notice to the Market.

Rio de Janeiro, September 15, 2014

Luiz Felipe Negreiros de Sá

Chief Financial and Investor Relations Officer
BHG S.A. - BRAZIL HOSPITALITY GROUP

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