Mercan Group signs agreement with Marriott International for investment of 187 million

  • 6 March, 22

The three hotels represent a total investment of around 187 million euros and the creation of 281 direct jobs, says Mercan Properties – Part of Mercan Group of Companies.

A new partnership between Mercan Properties – Part of Mercan Group of Companies and Marriott International was signed for the operation of three hotels in Portugal, Marriott Lagos, Moxy Alfragide Lisbon and The Riverview, Tribute Portfolio Hotel. These three hotels represent a total investment of around 187 million euros.

“Mercan Properties – Part of Mercan Group of Companies, which already has 17 projects in Portugal, has signed franchising agreements with Marriott International, Inc. to operate three hotels under the Marriott International brands,” reads the statement released this Thursday.

The agreements apply to hotel projects located in Lagos, Lisbon and Vila Nova de Gaia. The management will be in charge of Ace Hospitality Management (AHM).

“The collaboration with Marriott International is another source of pride for Mercan Properties – Part of Mercan Group of Companies, which has sought to work with the best brands in the development of quality hotel projects in Portugal that contribute positively to the Portuguese economy”, says Jordi Vilanova, president from Mercan Properties – Part of Mercan Group of Companies in the note.

“These three hotels represent a total investment of around 187 million euros and the creation of 281 direct jobs”, he adds.

In the Algarve, Marriott Lagos, the result of an investment of 98 million euros, is located next to the beach of Porto de Mós and will focus on the leisure and sports segments, with various sports facilities. The Marriott Lagos will also include a movie theater, spa and gym. This hotel will have 201 rooms and is expected to create 130 direct jobs in this region of the Algarve. The opening is scheduled for the summer of 2023.

Moxy Alfragide Lisbon is Mercan Properties’ – Part of Mercan Group of Companies first bet in Greater Lisbon, “designed to give guests everything they want, at an affordable price. 63 million euros will be invested in this project with the aim of creating a space dedicated to tourism, but also to business activities, with an important focus on social and co-work spaces. It will have 218 rooms, an indoor pool, meeting room, restaurant and bar. The creation of 130 direct jobs is expected. It is scheduled to open in the first quarter of 2024,” the statement reads.

“The Riverview, a Tribute Portfolio Hotel, located in Vila Nova de Gaia, is an urban redevelopment project located in one of the historic areas of the metropolis of Porto, two minutes from the D.Luís I Bridge. This hotel will have a capacity of 70 rooms , with swimming pool, bar and gym. The investment is around 26 million euros and the creation of 21 direct jobs is expected. The Riverview, a Tribute Portfolio Hotel, is scheduled to open in the first quarter of 2023,” adds Mercan Properties – Part of Mercan Group of Companies.

Mercan Properties – Part of Mercan Group of Companies currently has 17 real estate projects in the tourism sector in Portugal, five of which have already been completed, with two hotels operating at 100% and three will open soon.

Cre: jornaleconomico.pt

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