€4.9MM Investment in Expansion Project for Quinta da Pacheca Hotel

25 June 2018

BPI will facilitate the financing of the The Wine House Quinta da Pacheca’s expansion in the Douro, an investment of 4.9 million euros that aims to broaden and improve the hotel’s offering, including increasing the hotel’s capacity by 34 rooms. The project is receiving funding in the amount of 3.29 million euros approved under Portugal 2020, along with 1.65 million euros from BPI’s P2020 “Frontloading of Incentives” funding line.

Turismo de Portugal also approved financing in the amount of 275,000 euros for upgrading the facility, 40% of which was financed through BPI, to support investment in the expansion of the property’s event capacity, the introduction of a more efficient air conditioning system and the construction of a new deck on the vineyard.

The Quinta da Pacheca project also foresees the creation of a wine-therapy themed spa (treatment rooms, gymnasium, indoor and outdoor swimming pools), as well as increasing the capacity of the wine shop and multi-purpose rooms. Ten new original rooms will also be opened in June, built inside large barrels, with access to a private terrace overlooking the vineyards.

Original Story: Publituris

Translation: Richard Turner