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hospitality Market News: Spanish Real Estate Intelligence

Invesco Finalises Acquisition of Three Tivoli Hotels in Lisbon
17 September 2019 Invesco Real Estate has finalised a €313-million deal to acquire three hotels in Lisbon from the Thai Minor International, marking its entry into the Portuguese hotel market. The hotels, Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon, will be operated by Minor International’s subsidiary NH Hotels. The deal is the largest ever hotel real estate transaction in Portugal. Original Story: Publituris Adaptation/Translation: Richard D. K. Turner  
 
A New Dutch Investor Lands in Portugal: the Ten Brinke Group
17 September 2019 The Netherlands-based Ten Brinke Group is in the process of negotiating its first investment in Portugal. The three-star hotel in Matosinhos, near Porto, will involve an investment of 10 million euros. The hotel, which is located next to the city’s airport, is also 15 minutes from the centre and a few minutes from the beach. The French hospitality group B&B will manage the new 127-room hotel. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner
 
PortoBay Flores, Porto’s Latest 5-Star Hotel, Opens on Rua das Flores
10 September 2019 A new 5-star luxury hotel, the PortoBay Flores, opened last week on one of Porto’s most well-known pedestrian streets, the Rua das Flores. The hotel is PortoBay’s second in the city after it also acquired the Hotel Teatro, now known as PortoBay Hotel Teatro, at the end of last year. PortoBay Flores has 66 rooms and suites, a spa, indoor pool, gym, restaurant, street-facing bar, garden patio and meeting space. Original Story: Economia Online - Fátima Castro Adaptation/Translation: Richard D. K. Turner