The Portuguese hotel development company Mercan Properties Group has signed a contract for two hotels worth 107.8 million euros ($112 million).
He has also appointed Hilton to manage the hotels, both of which are due to open in 2024 in Lagos, Portugal’s popular holiday destination, the Algarve.
Covering an area of approximately 250,000 square feet, the site of the two Lagos hotels will be the subject of an urban redevelopment project, including the 180-room Lagos Marina Hotel, Curio Collection by Hilton and the Hilton Garden Inn Lagos, with 90 rooms including 27 extended-stay style suites.
The deal is Mercanthe third agreement with Hilton, following the opening in March of the 77-room Sé Catedral Hotel Porto, Tapestry Collection by Hilton; and the 130-room Hilton Garden Inn Évora in Portugal’s Alentejo region, which is slated to open in late 2022 or early 2023.
“The agreement now signed with hilton is proof of the development and interest that the city of Lagos has generated,” said Jordi Vilanova, President of Mercan Properties Group.
Carlos Miro, Hilton’s General Manager of Development in Spain and Portugal, added “This announcement reinforces our commitment to Portugal as a key strategic market for Hilton, with plans to more than double our portfolio in the coming years.” .
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