EXTENDAM has acquired the M.Ou.Co hotel in Porto, a strategic move aimed at enhancing the hospitality experience by integrating coliving and coworking models.

Target Information

EXTENDAM, the majority shareholder in this acquisition, has successfully procured the M.Ou.Co hotel in Porto, including both the property and business operations. This first collaborative venture with Outsite, a specialist in short-term coliving, also sees participation from Keys REIM. The 4-star hotel embraces a distinctive concept centered around music, titled "Stay, Listen & Play," featuring 62 rooms and a concert hall with a capacity of 300. This acquisition exemplifies the rise of innovative hotel models across Europe.

Industry Overview in Portugal

Portugal has emerged as a hotspot for hotel investments, with the city of Porto leading the charge. Known as the "unconquered city," Porto has demonstrated impressive growth in its hospitality sector, marked by increasing occupancy rates and average prices for mid-range and upscale hotels. Since 2014, the revenue per available room (RevPAR) in this category has soared from €38 to €78 by 2019, revealing strong demand.

The city's seasonal trends are becoming less pronounced, facilitating a balanced mix of business and leisure clientele. Hotels in Porto experience occupancy rates exceeding 70% from April to October, wit