Endutex invests €6.3 million in Oeiras hotel

The Portuguese group Endutex inaugurated a new hotel in Oeiras on Thursday under the low-cost brand Moov.

It is the fifth hotel for the group, and the fourth in Portugal, in what is a €6.3 million investment.
Located within a Greater Lisbon business and trading area, between Lagoas Park and Taguspark business, science and technology parks, the new Moov Oeiras targets the business tourism segment and has 115 rooms spread over eight floors, states the developer in a communiqué.
In its first phase, the project will create 10 jobs, to which a further eight will be added “when the right conditions for tourism have returned.”
Built from scratch, the new hotel has been launched at a challenging time for the tourism sector in Portugal because of the travel and movement restrictions caused by Covid-19. The Endutex Hotéis group has justified the new unit by stating that, “Its opening that has been a long time in the planning”.
“Despite the context of which we are well aware, Moov Oeiras is essentially aimed at business tourism, which is still very active; proof of which is seen at our new hotel Moov Porto Norte which is also targeted at the business segment,” states the group’s CEO André Ferreira.
With the ‘Clean & Safe’ seal from the Portuguese tourism bureau Turismo de Portugal, the Moov Oeiras is on Avenida Santa Casa da Misericórdia and joins the group’s other hotel units; Moov Porto Centro (in Porto city centre), Moov Porto Norte (Senhora da Hora, Matosinhos) and Moov Évora. The Endutex group also has another hotel in Brazil in Curitiba.
The Moov hotels are owned by Endutex Hotéis, a company owned by the Portuguese textile group Endutex, founded in 1970 in Caldas de Vizela and specialised in producing textile covers and coverings.
In recent years, the group has diversified its business activities into real estate and its low-cost hotel brand Moov.