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. [...]
The Fladgate Partnership has sold the iconic Porto boutique hotel Infante Sagres to a group of investors. The hotel was sold to a group of Asian investors, Gaw Capital according to the online [...]
Many of Portugal’s hotels are unable to find enough staff to see them through the busy summer season period because salaries are simply too low. According to CNN Portugal, the average salary in [...]
Novobanco has bought the Aqualuz Tróia Mar & Rio and The Editory By The Sea Tróia-Comporta from Sonae Capital. The two hotel units which wee part of Tróia Resort were bought by a Novobanco [...]
The Conrad Hotel on the edge of the Algarve’s luxury residential golf and lifestyle resorts Quinta do Lago and Vale do Lobo, is celebrating its 10th anniversary with a series of events and [...]
The Portuguese hotel group Vila Galé is to create 4 new hotels in an investment of €35 million. The hotel group will create a new hotel aimed at families with young children in Beja, a 4-star [...]
