With five months to go before one of the Catholic Church’s biggest annual events – World Youth Day 2023 – which will be held in Lisbon and attended by the Pope Francis, hotels are [...]
Revenues from the tourist tax brought in €54 million to the coffers of 11 municipal councils in 2022. The tax levied on hotel and guest house accommodation bills rose 209% on 2021, but was still [...]
The hotel chain Hoti Hotéis is to invest €110 million in three luxury residential housing developments in Portugal. The first of these projects will be built on Porto’s Avenida da Boavista, the [...]
The Pestana Group is to extend the CR7 brand to luxury apartments, with a project in Funchal, Madeira. The move comes six years after the largest hotel group in Portugal run by Dionísio Pestana [...]
The Elegant Group, owned and managed by Roman and Chitra Stern, have sold the Martinhal Cascais hotel to focus on diversifying their existing product offer and new businesses in Portugal. The [...]
A Singapore sovereign fund has announced that it will buy a controlling stake in the SIG hotel group that plans to invest in its first hotel in Portugal in the Algarve. GIC said on Friday that it [...]
The Irish apart-hotel chain StayCity is to open a new unit in Lisbon’s Rua Castilho. The apart-hotel will operate from the same building that used to house the Hotel Diplomático. The refurbished [...]
Sonae Capital has invested €1.5 million on a five-star hotel on the Tróia Peninsula. The Editory by the Sea is the new five-star hotel unit in Sonae Capital’s hotels portfolio on the Tróia [...]
The Yotel Porto has been acquired by insurer Fidelidade via its real estate fund IMOFID. IMOFID is an open real estate investment fund which is 100% held by Fidelidade. It bought the hotel for [...]
The Portuguese association which represents hotels, guest houses and restaurants fears there will be a rash of cancellations because of the chaos at Portugal’s Lisbon and other European airports. [...]
