Crédito Agrícola has bought Porto Palácio Hotel from Sonae Capital for €62.5 million. Sonae Capital sold the hotel to the fund CA Património which is held by Crédito Agrícola. The hotel used to [...]
Algarve hoteliers and restauranteurs are bracing themselves for an influx of British tourists following the UK’s decision to lift all restrictions on resident holidaymakers on their return to the [...]
More than 30% of property investment companies intend to buy up hotels according to a study from Cushman & Wakefield. The findings published in the report ‘Hotel Investor Beat’ show that [...]
The latest anti-Covid-19 restrictions on opening hours announced by the government are having a huge and damaging impact on companies running restaurants and guest houses. This is according to [...]
The Canadian Mercan Group has bought a business centre near Lisbon for €5 million and will transform it into a hotel. Altamira has completed the sale process of the Alfragide Enterprise Centre [...]
The Spanish hotel group Vincci will open a new €29 million 94 room hotel in Vila Nova de Gaia near Porto. The group already has two hotels in Lisbon and one in Porto so this will be its fourth [...]
Portugal’s first Yotel brand hotel is to open in Porto on Friday and will feature innovative room-service robots. The €30 million four-star Yotel Porto on Rua de Gonçalo Cristóvão, close to the [...]
Hotel groups with units in the Algarve have seen bookings shoot up for the summer months of July and August. Those chains that are benefiting most from bookings for the peak summer months of July [...]
The Canadian group Mercan in partnership with Referência Arrojada (RA Group) is to invest €21 million on a new hotel in the historic town of Évora. The Hilton Garden Inn Évora will have 130 rooms [...]
Portugal’s tourism accommodation sector fell 70% in February, with a total of 208,200 guests and 472,900 overnight stays, a -86.9% and -87.7% variation on the same month in 2020. This is [...]
