Finland’s Pontos Group to Invest €260 Million in the Ombria Resort

28 November 2019 – The Pontos Group, a Finnish family office, is investing in a new luxury hotel development 7 km north of Loulé, in the Algarve. The Viceroy Residences at Ombria Resort will have 65 one-to-two bedroom flats contained within the larger Viceroy at Ombria Resort hotel. The new project will also include 76 deluxe rooms and suites.

The Pontos Group is looking to invest a total of 260 million euros in the new development, which it expects to be ready in 2022. The US firm Viceroy Hotel Group will operate the resort, which boasts six restaurants, swimming pools, a spa, gym, kids club and astronomical observatory.

Pre-sales have already begun. The Viceroy Residences at Ombria Resort will have surface areas ranging from 70 to 173 square meters, and each flat will have a fully equipped kitchen, living room, bedrooms, bathrooms and balconies.

Original Story: Jornal Económico – Rodolfo Alexandre Reis

Adaptation/Translation: Richard D. K. Turner