Memmo Hotels has announced the purchase of the former Hotel Paul do Mar, located in the municipality of Calheta, Madeira Island, for an unannounced amount. The hotel unit has 60 rooms overlooking the Atlantic Ocean, where the 4-star Paul do Mar Sea View Hotel used to be.
According to a statement from Memmo Hotels, quoted by Publituris, the new unit acquired "fits in the expansion strategy of the brand, which thus enters a new phase".
Memmo Hotels has in its current portfolio three hotels in operation: the Memmo Baleeira in Sagres, with 4 stars, the Memmo Alfama in Lisbon, also with 4 stars, and the Memmo Príncipe Real, with 5 stars. The Paul do Mar Sea View Hotel is closed and a major refurbishment work is planned.
"Each Memmo hotel is part of its location, blending perfectly with its surroundings. More than just a place to sleep, our guests blend in with the local community, creating an authentic experience and a real connection to the place," the company's website reads.
Memmo Hotels is part of the AHP General Council, a list announced in April last year, as an Advisor, along with Hotel Canadiano (AHP representative in the Azores); Montebelo Hotel & SPA; Évora Hotel; Heritage Hotels; Alexandre de Almeida Hotels (AHP representative in the Lisbon region); Hoti Hotels (AHP representative in the North region); Turim Hotels; Stay Hotels and among others.
In 2022, several investments in the hotel market in Madeira Island were announced. To highlight La Villa at The Cliff Bay, a luxury villa located on the west side of the hotel group's flagship hotel in Madeira Island, presented by PortoBay Hotels & Resorts; Madeira Acqua Residences, a new real estate project of the Pestana Residences brand, which represents an investment of around 100 million euros.