Mercan Group Launches New Project in Porto – Phase 2 The Marriott Lapa Renaissance Hotel

• 1 April, 22

Mercan Group pleased to launch new project of Mercan Group in 2022 – Phase 2 Marriott Lapa Renaissance Hotel (Lapa II Hotel) which qualified for Portugal Golden Visa Program.

Lapa II Hotel will be an expansion of Lapa Porto Hotel. Located near the iconic Lapa Church, within a 15 minutes walking distance to Avenida dos Aliados and the Town House, which are the reference centre points of the city, creating perfect conditions to become the unique venue for banqueting and meetings.

The hotel is comprised of 239 rooms with unique features for conferences and banqueting, and other modern amenities such as restaurant, bar, infinity pool.

Phase 1 of the project, which has 160 investors in 2020, is under construction and soon to open by this Summer 2022, and phase 2 with an expansion of another 76 room is ready to call for new investors in 2022.

PROJECT INFORMATION:

Total Project Cost: 33.2 million EUR

Estimate completion date: 4th Quarter of 2024

Investment amount: 350,000 Euro

Call for: 95 investors

Guaranteed Annual return: 3%

Guaranteed Buy-back: 100%

Visit our Project Gallery to know more about the features of hotel project

Mercan Asia – Part of Mercan Group of Companies is the Global Support Center for International Investor. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.

Mercan Group is the largest hotel developer under Golden Visa program with investors coming from more than 40 nations worldwide. Mercan and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.