Martinhal Group to Open Hotel in the Parque das Nações

11 September 2017

The Martinhal Group, which has operations in Sagres, Quinta do Lago, Cascais and Lisbon (Chiado), is preparing to open a new venture, this time in Lisbon’s Parque das Nações.

Chitra Stern, the founder of the group, told the Jornal de Negócios that the search for a new location took four years and the contract was finally signed in early 2017.

With the start of operations scheduled for 2020, the Martinhal Group’s fifth establishment will have 170 to 180 tourist apartments in a ‘sale and leaseback’ model, as seen in the article in Negócios: “we sell the flats, with the hotel group guaranteeing a return to investors. To cover the income that we pay out, we rent the asset out to guests.”

Regarding the choice of location for the future development, the executive stated: “We have always loved this area. I’m from Singapore, and I love organisation. It is good for anyone who wants a contemporary Lisbon experience. ”

Original Story: Publituris

Translation: Richard Turner