Summary:
Uría Menéndez advises on record-breaking hotel sale in Portugal
Conrad Algarve sold to Quinta do Lago for a historic amount
Transaction marks the largest single-asset sale in the hospitality sector
Conrad Algarve features 154 suites, 80 apartments, and a Michelin-starred restaurant
Led by partners Francisco da Cunha Ferreira and David Sequeira Dinis
Major Hotel Transaction in Portugal
Uría Menéndez has successfully advised ECS, an asset management firm partially owned by Davidson Kempner Capital Management, on the sale of the Conrad Algarve hotel to Quinta do Lago Empreendimentos Imobiliários e Turísticos. This transaction is notable for being the largest single-asset sale ever recorded in Portugal’s hospitality sector.
The Conrad Algarve is a prestigious five-star hotel boasting 154 suites, 80 apartments, two villas, a luxury spa, and six restaurants and bars, which includes a Michelin-starred restaurant.
The Uría Menéndez team that led this significant transaction comprised partners Francisco da Cunha Ferreira (real estate) and David Sequeira Dinis (litigation), supported by counsel Luís Bértolo Rosa (litigation), senior associate André Hüsgen (real estate), and junior associate Teresa Perdigão (litigation).
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