Portugal: Funding agency EXTENDAM and lodge administration firm Highgate have partnered to amass the Hilton Porto Gaia, a 194-room, five-star lodge situated on the banks of the Douro River.
Opened in 2021 and bought from funds suggested by ECS, the property options 47 suites, a effective eating restaurant, rooftop bar, wellness centre, 10 assembly rooms and a 350-seat auditorium. It holds each an A-rated vitality certificates and the Biosphere Accountable Tourism certification.
The asset sits in Vila Nova de Gaia, an space present process important redevelopment and recognized internationally for its port wine cellars.
The lodge is franchised beneath the Hilton model and shall be managed by Highgate, which already operates a portfolio of properties throughout Portugal, together with resorts and full-service resorts.
Maxime Durand and Victor Burgund from EXTENDAM mentioned: “The Hilton Porto Gaia acquisition is absolutely aligned with our technique: investing in premium, well-located belongings in dynamic markets, at engaging entry factors. Overlooking the Douro and operated by Highgate, a number one administration firm, the property already demonstrates strong outcomes with substantial potential for additional development. We’re assured it should absolutely profit from Porto’s constructive market trajectory and the power and visibility of the Hilton community.”
Nicholas Mellis, vp of acquisitions at Highgate mentioned: “We’re proud to companion with EXTENDAM on the Hilton Porto Gaia. Collectively, we look ahead to constructing on the property’s strengths and delivering best-in-class operations that assist the resorts’ continued success.”
Highlights:
• EXTENDAM and Highgate have acquired the Hilton Porto Gaia, a 194-room five-star lodge.
• The property opened in 2021 and consists of 47 suites, eating places, bars, a rooftop, spa, health centre, and in depth MICE amenities.
• Highgate will handle the lodge beneath the Hilton model.
• The acquisition marks the primary partnership between EXTENDAM and Highgate.
