By ELOÏSE WALTON [email protected]
Real estate developers Grupo HN have teamed up with the Hilton chain to create the first five-star luxury development in the Portimão area for 40 years.
“Grupo HN has been established for more than 20 years and this new development is part of our plan to expand into the Algarve,” said CEO Rakesh Kanabar.
“Our idea is to create a world class project that we can be proud of.”
According to Rakesh Kanabar, the new development, called Quinta da Praia, will be built on an undeveloped 22.5 hectares plot between Prainha and Praia do Vau in Alvor and will include a five-star hotel with 175 bedrooms, 200 residential units such as luxury villas, apartments and town houses, a spa and health club.
To Grupo HN, the resort is more than a five star development. “We want to guarantee a high standard to our clients with services such as security, maintenance and cleaning, and some of which only for our residential clients including dog walking and a concierge service,” he said.
“The resort will also have a multifunctional square where we hope to have events such as concerts, fashion shows as well as a Kids’ Kingdom, which will provide an amazing environment for children,” he added.
Construction of Quinta da Praia is due to start next year, with a provisional inauguration date for June 2012, with the Hilton chain having agreed a 20-year management contract for the hotel , spa, multifunctional square, Kids’ Kingdom and food and beverages.
“The new resort will be great for the economy and will also create 200 jobs within the hotel and a further 200 within the residential area,” said Rakesh Kanabar. “Staff will also benefit from world class training in hospitality and management as the Hilton will be opening their Hilton University at the resort.”
According to Portimão Câmara President Manuel da Luz, the resort will help the council overcome the current economic crisis.
“When the economy has recovered, the project will be complete, the initial investment paid for and it will be ready to make the most of the stability,” he said.
He added that, in his view, projects such as these suffer from years of needless bureaucracy, which causes delays and drives away many potential investors.
“Bureaucracy within the public administration has been like a garrotte,” he said.
“It will only get better when we have regionalisation and local Câmaras can make most of the decisions for themselves.”
For more information about this project, please visit www.hn.co.pt (available in English)