Fortera Invests €11.5m in Azul Boutique Hotel

January 12, 2022 – Brainsre.news

Portugal’s tourism sector is showing signs of resilience as a new 4-star hotel is set to go up in Vila Nova de Gaia, overlooking the Douro river.

In a press release, Fortera Properties stated that the 4-star hotel, located on Rua General Torres, 50 meters from the D. Luis I Bridge, will consist of 64 rooms with views over the Douro River. The complex will also have a restaurant, terrace and solarium with a swimming pool on the 4th floor, for a total area of 4,200m2.

Thanks to its privileged location, guests at the Azul Boutique Hotel will enjoy views over the city of Porto, the Douro, the wineries, the Ribeira and the D. Luis I Bridge.

“We took advantage of this location to bring the landscape to almost all the rooms. The restaurant area and solarium also take advantage of this landscape with completely unobstructed views,” Hélder Agostinho, architect and property manager of the project, explained.

“Despite the difficulties with the pandemic for the tourism sector, the coming months should allow us to create the beneficial conditions to consolidate our position, which also leads us to believe that the inauguration will occur during a moment of strong recovery for the sector, with Porto and Gaia once again presenting themselves as important centres of tourist demand in Portugal,” Elad Dror, CEO of the Fortera group, added.

Fortera Properties operate in the luxury real estate sector, acquiring property for construction from the ground up or renovating spaces for hotels or residences. Some of the Israeli group’s principal activities in Portugal, with over €100-million in planned investments, are focused on Vila Nova de Gaia, including the Skyline and Riverside developments.

Translation: Richard D K Turner

29