Spain 
Italy 
Greece 
Portugal’s SPPTH Wins Public Auction for Concession to the Carmo Convent in Moura
29 August 2019
Portugal’s SPPTH, a firm specialising in hotel development, has won the public auction, held under the Revive program, for the Carmo Convent in Moura. The firm won a 50-year concession to build and manage the property, where it intends to invest a total of six million euros.
The convent, which was originally built in 1251, will be converted into a 50-room, four-star hotel, scheduled to open in 2022. So far, the nine tenders awarded under the Revive program represent a total investment of €68 million.
Original Story: Jornal de Negócios – Pedro Curvelo
Adaptation/Translation: Richard D. K. Turner