The new hotel will revitalise an area that is currently rundown and abandoned, transforming it into a high-quality reference point in the municipality of Lagoa
– August 9, 2024
The Água Hotels Group has announced the construction of a new four-star hotel between Parchal and Ferragudo, near the Arade Congress Centre.
With a total investment of €20 million, construction is expected to begin in 2025, and the hotel is scheduled to open in 2027 with a total construction area of 11,500 square metres. The reception, bar, and restaurant will be housed in a former fish canning factory to be renovated, and the hotel will feature 169 rooms, including five suites, which will be located in a new building to be built to the east of the main building.
There will also be an open central courtyard with gardens and a pool, and additional facilities will include a spa, gym, and indoor parking.
According to the group’s administrator Mário Guerreiro, the goal is to “revitalise an area that is currently rundown and abandoned” and to “transform it into a high-quality reference point for the municipality of Lagoa in a historically significant area of the Algarve”, similarly to what the group did with the Água Hotels Riverside, in Parchal, by the Arade River.
Bruno Canhoto, the group’s commercial director also added: “We are confident that our new hotel in Ferragudo will be a success and will significantly contribute to the local economy. Its strategic location, proximity to the congress centre, and the expansion of our hotel offerings are key factors for this project.”
Canhoto also highlighted that the hotel will be located near the “picturesque village of Ferragudo and the historic area of Portimão, with easy access to local attractions and beaches”.
“The proximity to the Arade Congress Centre, one of the largest in the Algarve, with an auditorium seating 1,100, positions the hotel as an ideal choice for corporate events and business meetings. This project, the group’s largest in terms of the number of rooms, strengthens our growth strategy in the Algarve,” Canhoto adds.
The hotel will also be located near Parchal’s new urban park, which is currently being constructed.
Currently, the Água Hotels group owns several hotel units, including Água Hotels Riverside (Parchal), Água Hotels Alvor Jardim (Alvor), Água Hotels Vila Branca (Lagos), Água Hotels Mondim de Basto (Vila Real), and Água Hotels Sal Vila Verde (Cape Verde), and according to the group, two more units are being built, one in Bragança and one in Lagos.
Article originally published by Michael Bruxo on Portugal Resident.
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