Hotel Urbano wouldn’t provide further details surrounding the circumstances of brothers Joao Ricardo Mendes and Jose Eduardo Mendes regaining control when Skift asked for comment. Brazilian business publication Valor International, however, reports the Mendes brothers repurchased the stakes of Insight Venture Partners, Tiger Global Management and the Priceline Group, which collectively held more than a 50 percent stake in Hotel Urbano. João Ricardo Mendes told Valor International that he and his brother repurchased the stakes, adding he may seek new partners in the future. The Mendes brothers continued to sit on the company’s board after stepping down in November 2015. Get the full story at Skift