Investment Scope

All fund’s assets will be related to Hotel & Residences or simply residential operations.

Assets to be acquired will be:

Hotel Eden Estoril

Concept

The Eden Hotel is probably one the most valuable and most well located Hotels on all Estoril Coast, the most famous and expensive area of Portugal. This existing hotel with 162 rooms was built on the 80’s and the location deserve a high quality project.

With approx 12 500 sqm of GCA the Eden Hotel will be requalified to launch a luxurious Hotel Residences where a 5 star international branded Hotel will operate a 50 rooms boutique hotel as well a Residential project with some 30 apartments, all with a fantastic sea view.

The target client of this project will be international investors and international residents, which are in line with the buyers of expensive properties sold over the last years in the Lisbon and Estoril coast region.

One of the founders of the fund, Luiz Godinho Lopes, was involved on some of the most successful luxury residential developments in the region, such as the Intercontinental Hotel in Estoril, Estoril Sol Residences and Bay View (in construction).

Approvals

A close relation with the local Municipality is under way, and we believe that a reduction on the heights of the building from 13 to 9 floors), keeping the same volumetry will be realistic A 12 months length for approvals is expected, and we believe that the construction will start by the end of 2023.

Area

GCA

12 500 sqm

Financials

Total Development Cost

€110 million

Fund Stake

35%

Total Apartment Net Sales

€140 million

Fund Equity …up to

€15 million

Timings

Mar 2022

Promissory contract signed

April 2022

Final company acquisition

Dec 2022

Project concept defined & presented to the Municipality

Oct 2023

Municipality approval

Dec 2023

Construction & Pre Sales starts

Dec 2025

Construction concluded

Jun 2026

Sales concluded

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