Azora has acquired the 5-star Marriott Praia d’El Rey Hotel and Golf Resort in Portugal, strengthening its portfolio and commitment to the country's thriving tourism sector.

Information on the Target

Azora has acquired the prestigious 5-star Marriott Praia d’El Rey Hotel and Golf Resort, located in Óbidos, Portugal. This acquisition includes a 177-room hotel, two renowned 18-hole golf courses, and approximately 90 managed apartments. The hotel is strategically positioned along the Atlantic Ocean, offering direct beach access and is complemented by premium facilities such as multiple dining outlets, a renovated spa, an indoor and outdoor pool, a kids' club, and expansive event spaces.

Praia d’El Rey hotel and golf courses are recognized as one of the leading golf destinations in Europe, having received accolades such as the Golfer’s Choice Award from Leading Courses in 2023. The site attracts visitors not only for its luxurious amenities but also for its stunning natural surroundings and high-quality golfing experience.

Industry Overview in Portugal

The tourism sector in Portugal has demonstrated robust growth, propelled by the country’s rich cultural heritage, favorable climate, and an array of leisure activities. In recent years, Portugal has positioned itself as a pref