17 New Hotels to Open in Porto

21 April 2018

The boom in investment in the tourism sector has yet to fade. The city of Porto currently has 17 new hotels in its pipeline.

The historic and central areas of the city are the focus of fifteen possible investments, which are currently in the licensing process at the municipality, Confidencial Imobiliário revealed. Two new hotels are also planned in the parish of Bonfim.

JN/Dinheiro Vivo learned that Pestana, the largest hotel group in the country, is scheduled to open three new hotels in Porto by the end of next year. The first to open will be in the well-known Casa Navarro building, in Baixa, which was acquired by the David Rosas family. This 46-room unit, scheduled to open this year, will be under Pestana’s management. Using the same business model, in which the investment is undertaken by the property owner and the hotel group manages the hotel’s operation, Pestana will open an 87-room hotel in Rua das Flores in 2019.

The Portuguese group has planned an investment of 20 million euros in the construction of the Douro Hotel, in Freixo, close to the pousada that it also manages. This project, which includes 165 rooms, is expected to be completed in 2019. Last month, Pestana Porto – A Brasileira also opened. The building and investment, in the order of €12 million, was the responsibility of the owner, the former soccer coach António Oliveira, leaving Pestana in charge of the management of the unit.

Axis Hotels is also preparing its inaugural hotel in Porto. According to the executive, Rui Barbosa da Costa, the Portuguese group, which already operates six hotels, wants to open a hotel with “a minimum of 100 rooms” in the city.

The Spanish group Catalonia chose Porto as the location of its first investment in Portugal. It is preparing to invest €14 million in a four-star unit on the Praça da Batalha. The group bought five buildings of historical interest for rehabilitation by 2020.

Original Story: Jornal de Notícias – Sónia Santos Pereira

Photo: Ivo Pereira / Global Imagens

Translation: Richard Turner