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hospitality Market News: Spanish Real Estate Intelligence

Sonae to Open Santa Apolónia Hotel in 2021
23 October 2020 - The future Santa Apolónia station hotel in Lisbon is expected to open in the summer of next year, after construction began in July, in a €12-million investment. Part of the railway station is being refurbished to convert it into a 125-room, 4-star hotel by Capital The House Ribeira, a subsidiary of the Sonae group. Sonae won the public tender by Infraestruturas de Portugal to build and then operate the hotel for 50 years. The office of Miguel Saraiva designed the project. Original Story: Vida Imobiliária - Ana Tavares Translation/Summary: Richard D. Turner
 
Kronos Homes Completes Works on the Amendoeira Golf Resort
23 October 2020 - Kronos Homes announced that it had completed work on the Amendoeira Golf Resort in Alcantarilha, near Silves, Algarve. The four-star residential-tourist resort gained a new Clubhouse, reception, restaurant and sports bar. The Amendoeira Golf Resort has fully furnished properties on sale, including two-bedroom and 2+1-bedroom flats, 3-bedroom detached villas, each with a private pool, and larger 4-bedroom villas with extensive gardens and private pools. The real estate developer added that demand had increased this year, in line with a generalised flight from larger cities due to the coronavirus pandemic. Sales, principally of the larger homes with private pools and gardens have significantly increased in 2020, exceeding last year’s total by 80%.International buyers mainly include British, French, Swedish and Canadian families. Original Story: Diário Imobiliário - Susana Correia Translation/Summary: Richard D. Turner
 
B&B Hotels to Build New Hotel in Viana do Castelo
21 October 2020 - The French hotel group B&B Hotels announced that it will invest another 7.7 million euros a new project in Viana do Castelo, near Portugal’s northern border with Spain. The new three-star, 116-room hotel is scheduled to open in April 2022, and will have an area of about 4,000 m². The new hotel will have five floors, with an interconnecting bridge to a building next door. The hotel will be the 17th in a set of 34 planned investments by Goldman Sachs, after it signed a contract at the Viana do Castelo City Hall. Construction is set to begin this year, on a plot of land located between Rua Tenente Coronel Afonso do Paço and Estrada da Papanata. Original Story: Vida Imobiliária - Susana Correia Translation/Summary: Richard D. Turner