The figures are from the Worx consultancy, which undertook the accounting for the close of 18 deals for real estate investment in hotel assets between January and the end of October of last year. The Metropolitan Area of Lisbon was the principle focus of investment, with 38.9% of completed negotiations, followed by the Algarve, with 27.8% of the total.
According to the consultancy’s books, through the course of this year, the opening of 50 units in the country, mostly in the four and five star categories, should strengthen the supply of Portuguese hotels. 50% of the openings in the pipeline are concentrated in the area of Lisbon.