Mercan Properties, owned by Canada’s Mercan Group, will invest €107.8 mln in the construction of two hotels in Lagos, Algarve (Portugal).
Opening in the summer of 2024, the two hotels will operate under the Hilton brand and overlook the Lagos marina and the Atlantic Ocean.
With 23,000 m2 of gross construction area, the new development in Lagos will integrate two hotels with distinct concepts.
The Lagos Marina Hotel, Curio Collection by Hilton, will have 180 rooms, distributed over 4 floors, in a total gross area of 14,776 m2.
It will feature a restaurant and two bars, a rooftop terrace, two swimming pools and spa and fitness facilities.
For its part, the Hilton Garden Inn Lagos will have 90 rooms, 27 of which will be converted into apartments with kitchenette, in a total gross area of 7,505 m2.
The hotel will have a bar, restaurant and a 24-hour self-service store, as well as a gym and an outdoor swimming pool.
Both hotels also offer meeting room spaces, as well as more than 160 car parking spaces between the two hotels.
Jordi Vilanova, president of Mercan Properties Group, said: ‘The agreement now signed with Hilton is a proof of the development and interest that the city of Lagos has generated, increasingly asserting itself as a distinctive place, able to combine superb natural landscapes with a rich historical and cultural heritage. This project also represents a winning bet for Mercan Properties Group, very much in line with our values, as we give back to the city a place of comfort and well-being, capable of further boosting the marina and all the services and spaces around it.’
Carlos Miro, managing director, development, Spain & Portugal, Hilton, added: ‘Building on Hilton’s presence in the incredibly popular Algarve, we are excited to partner with Mercan Properties Group to make our debut in Lagos. Dramatic cliff faces, picturesque beaches and its vibrant culture make this highly sought-after tourist destination an ideal location for our Curio Collection by Hilton and Hilton Garden Inn brands. This announcement solidifies our commitment to Portugal as a key strategic market for Hilton, with plans to more than double our portfolio in the coming years.’
This is already the third agreement between Mercan Properties Group and the Hilton group, after the recent opening of Sé Catedral Hotel Porto, Tapestry Collection by Hilton, and the future opening of Hilton Garden Inn Évora.
In addition, the Canadian group had already invested €187 mln in the construction of three hotels under the Marriott brand.
