Located at Rua Rodrigo da Fonseca, in the CBD of the city, this hotel has 56 rooms, restaurant, bar, spa and terrace overlooking Lisbon. It is added to other hotel units that Morningbridge recently bought in Lisbon and Oporto.
The new owner aims to reposition this unit, taking advantage of its characteristics and the growth of tourism in the capital. Christopher Eddis, of Morningbridge, says: "We are delighted to add this hotel to our expanding hotel portfolio in Portugal. Once renewed, we hope to position this hotel at the level of our existing boutique hotel The Lumiares in Bairro Alto, and finish the other development projects in Lisbon and Oporto".
João Carias, an associate of the C&W Capital Markets team in Lisbon, refers that "the sale of the Hotel Vintage Lisbon is proof of how appealing this class of assets is to international buyers. Understanding the specificities of the investment was a critical factor for the buyer to overcome the strong competition throughout the sales process".
Gonçalo Garcia, head of the C&W Hospitality team, highlights the "growing interest of international players in the Portuguese market, not only in consolidated urban markets but also in leisure destinations, boosted by excellent results in the sector, which continue to exceed the expectations".