International hotel groups look at Herdade da Comporta

 In Companies, Investment, News, Property

Two international hotel groups have signed non-disclosure agreements to study the feasibility of developing hotels at a luxury tourist community project at Comporta in Portugal’s Alentejo region.

According to the business daily Negócios, Vanguard Properties – the company that acquired the main assets at Comporta at the end of 2019 together with Amorim Luxury – the two hotel groups have signed confidentiality agreements or non-disclosure agreements to operate hotels on the resort.
José Cardoso Botelho, Executive Director of Vanguard, said that the operations would not go ahead yet in the short term because of the coronavirus pandemic.
“We signed these agreements before the situation had arisen, but we think that in a few months negotiations will continue,” said José Cardoso Botelho.
Whilst not revealing the two groups in question, the Vanguard director simply said that they were two international brands.
The investment in the Terras da Comporta lands is likely to exceed €1.5Bn with the construction of an expected five apartment-hotels, two golf courses and 11 tourist villages as well as residential plots.