Mercan Capital Ltd. has acquired a property in Santos, Lisbon, approved for the construction of a 70-room hotel, as part of their strategic expansion in Portugal's hospitality sector.
Target Information
The target of this transaction is a prime property located in Santos, Lisbon, which has received approval for the construction of a 70-room hotel. This asset offers a substantial above-ground area of 4,200 square meters, complemented by an additional 500 square meters of subterranean space, spread across seven floors. Its strategic location provides attractive views of the Tagus River and situates it within a vibrant tourism and business district, just 150 meters from the popular Mercado da Ribeira.
This property has been developed with meticulous planning and consideration for its surroundings, securing a licensed construction project that meets the increasing demands of the hospitality sector in the region.
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Industry Overview in Portugal
The hospitality industry in Portugal has been experiencing significant growth, driven by an increasing influx of international tourists. The country has gained a reputation for its rich culture, historical landmarks, and favorab
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