EXTENDAM has launched the Palacio de Tavira hotel in Algarve, a renovated 4-star establishment with 37 rooms, in partnership with UPI and Marugal, aimed at leveraging the region's growth potential in premium hospitality.

Information on the Target

EXTENDAM has announced the launch of the Palacio de Tavira hotel, a 4-star establishment featuring 37 rooms, strategically located in the heart of Tavira, Algarve, following an extensive renovation. This development was made possible through a partnership with UPI, a co-investor, and Marugal, a hotel operator specializing in high-end independent assets. The project exemplifies a new initiative aimed at enhancing the value of a historic asset in a promising Southern European market.

Target Hotel Overview

Palacio de Tavira is housed within a fully rehabilitated former palace located in a central area of Tavira. The hotel offers 37 elegantly designed rooms and suites, an intimate spa, two rooftop swimming pools, a signature restaurant named Mirsal, and a panoramic view bar, Da Lua. The project preserved and enhanced the original architecture through a comprehensive renovation, successfully repositioning the asset within the premium market segment. This endeavor was carried out alongside the operator Marugal, marking their second establishment in Portugal, in collaboration with co-investor UPI.

Industry Overview in Portugal

The city of Tavira, located in Eastern Algarve, is recognized for its preserved architectural environment, accessibility, and strong cultural identity. Its historic center, cobbled streets, vibrant markets, and rich Moorish heritage