Portugal Ventures has invested in Unlock Boutique Hotels, a Portuguese company that operates boutique hotels. Portugal Ventures will be a shareholder that is experienced in senior management and will also bring added value to the brand.
This investment will lead to the development of a new business segment, namely the hotel rental market. Unlock Boutique Hotels has a network of 19 hotels in 11 destinations. With two business models, namely a management fee or a soft brand, the Unlock Boutique Hotels brand will have 8 hotels in the hotel rental portfolio.
Portugal Ventures aims at managing hotels with a portfolio valued at EUR 200 million by the end of the decade. With the end of the pandemic and rising interest rates, there is a strong demand for innovative services. Portugal Ventures provides venture capital for disruptive projects that make the difference in this market segment. By becoming a shareholder of innovative hotels, Portugal Ventures brings the added advantage of economies of scale, while strengthening the market positioning.
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