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HVS Europe Hotel Transactions Bulletin Week Ending 9 February 2024

February 16, 2024

Real Hotels acquires Amazonia Hotel Group and its four hotels in Portugal

Portuguese hotel chain Real Hotels Group has acquired the Amazonia Hotel Group platform, which includes four hotels, all in Portugal, ranging from three to four stars. Founded in 1990, the group’s current properties include the Amazonia Estoril Cascais Hotel (21 rooms), the Amazonia Jamor Hotel (97 rooms), the Amazonia Lisboa Hotel (192 rooms) and the Amazonia Palmela Apartments (40 apartments). The assets are all located within the Lisbon Metropolitan Area, with the Amazonia Estoril Cascais Hotel located on the oceanic coast some 25 km from the centre of Lisbon. The Bernardino Gomes Group, including subsidiary Real Hotels, was acquired in 2020 by ex-Yahoo! COO Henrique de Castro and Eurico Almeida, through Palminvest. With this latest acquisition, Real Hotels will now own 20 hotels totalling around 3,000 rooms across Portugal.

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