By Sarah de Sainte Croix, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Eike Batista’s real estate company, REX, has been negotiating with Flamengo Football Club to take over the administration of one its buildings overlooking Flamengo Beach. The idea is to turn it into a five star hotel to house tourists for the 2014 World Cup and the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here