Spanish Casual Hoteles invests €25m in Portugal

Spanish Casual Hoteles invests €25m in Portugal


The information was confirmed to Lusa by the company’s CEO, Juan Carlos Sánjuan, according to whom the hotels should open until 2020 and create around 60 jobs. In October the company had announced 115 new rooms in Portugal. 

The first 7.8 million euro investment concerns a hotel in Lisbon which should open this month, the Casual Belle Époque Lisboa, «its first international hotel», located at Madalena street with 28 rooms.

According to Negócios, which quotes a press release, in little more than a year the chain opens its second unit in the capital. But, in the meanwhile, in April, it will open its first hotel in Porto, with two more hotels planned for this city in 2020.

Once the 5 units are open, the company estimates to earn 7.5 million euro per year in Portugal, according to Juan Carlos Sánjuan. The chain’s goal is to reach a total of 25 million euro (including Spain) already in 2020.

Casual Hoteles currently has 11 hotels, one in Madrid, two in Seville, five in Valencia, two in Bilbao and another one in Malaga.

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