
Portugal tourism news - Spanish hotel multinational, NH Hotel Group, invests EUR 133.2 million in Portugal.
Â
Spanish hotel group NH Hotel has acquired a portfolio of 5 hotels in Portugal that was sold by Thai Minor Group.
Â
The hotels that are now owned and managed by the NH Hotel Group in Portugal are:
1 - Anantara Vilamoura Algarve Resort, with 260 rooms
2 - Tivoli Lagos Algarve Resort, with 296 rooms
3 - NH Marina Portimão, with 196 rooms
4 - NH Sintra, with 77 rooms
5 - The Residences at Victoria, with 45 rooms
Â
With this operation, the Spanish multinational will consolidate a portfolio of hotels that represents an expected incremental contribution to the EBITDA of approximately 11 million euros for the 2024 income statement.
Â
The new acquisition in Portugal will strengthen the growth strategy of NH Hotel Group by expanding its diversified portfolio, that includes owned, rented and managed hotels.
#portugalnews #newsportugal #tourismnewsportugal #NHHotelGroupportugal #AnantaraVilamouraAlgarveResort #TivoliLagosAlgarveResort #NHMarinaPortimão #NHSintra #TheResidencesatVictoria
Â