Quartel da Graça Will Be Converted into a 5-Star Hotel

2 February 2019

The Portuguese government will launch the public tender for the concession of the Quartel da Graça in Lisbon, under the auspices of the Revive program. The state will grant a 50-year concession for the historic property, which the winner will convert into a luxury hotel.

The Graça Convent, in Lisbon, was originally built by a religious order in the thirteenth century. The order’s extinction, the Portuguese Army took over the property, renaming it the Quartel da Graça (Graça Barracks). Located in the heart of Largo da Graça, it has exceptional views over the capital city.

The Portuguese government took the first step on Monday, February 4, when it officially launched the public tender for the concession of the Quartel da Graça under the auspices of the Revive program. The government created Revive to spur the use of its cultural heritage and encourage the development of historic properties through their concession to private tourism projects.

The government will grant the Quartel da Graça for a 50-year concession – the maximum allowed under the program – for future use as a five-star hotel. The redevelopment is expected to require an investment of about 30 million euros, and the annual rent is 332,604 euros. The total construction area is 15,495 m2 not including the church and its garden.

Revive, launched in 2016, controlled 33 historic properties, and the Quartel is the 16th public tender so far. In mid-January, the government also initiated the public tender for the Cerveira Castle. At the time, the Secretary of State for Tourism told Dinheiro Vivo that this program had already attracted the interest of more than four hundred investors, of which about one-quarter was from outside Portugal. “We feel there is a growing demand as the program develops and we are increasingly marketing it internationally,” said Ana Mendes Godinho.

Original Story: Dinheiro Vivo – Ana Laranjeiro

Translation and editing: Richard Turner