Many millions of euros are set to be invested in the construction of new hotels and tourist developments in the municipalities of Lagos and Portimão in the near future.
One of the biggest projects involves the construction of two Hilton hotels just a stone’s throw away from Lagos Marina, reports regional online news site Algarve Marafado.
The two hotels – Lagos Marina Hotel, Curio Collection by Hilton, with 189 rooms, and Hilton Garden Inn Lagos, with 90 rooms – are expected to open in the summer of 2024, representing an investment of nearly €108 million.
A few kilometres east, in the Palmares area near Meia Praia, a new five-star hotel with 152 rooms is also planned.
One of the much-anticipated projects may be the renovation of Lagos’ long-abandoned Golfinho Hotel. In 2018, it was announced that the building had been taken over by IR Group, which planned to reopen it as a four-star hotel named Lagos Beach Hotel & Spa. The plans have yet to move forward, but, according to Algarve Marafado, the renovations could begin soon.
Another major project in Lagos is the Sun Cliffs Resort, which will feature a five-star hotel with 204 rooms and an apartment building with 72 apartments. It is being built on a plot of land in the Ponta da Piedade, Lagos, where two unfinished and since demolished apartment towers, known as ‘Torres da Crotália’, were previously located.
The Boavista Golf & Spa Resort is reportedly also working on a project to build a new hotel with around 300 rooms, the news site adds.
Further east in Portimão, several hotel projects are also underway.
Perhaps one of the most notorious projects is the Hard Rock Hotel Algarve, a new luxury hotel which is due to be built in Praia do Vau. Construction is due to start early 2024 with the hotel’s opening set for summer 2026, featuring around 275 “luxury rooms and suites” and 150 apartments with “the brand’s personalised services”.
The Tropimar Hotel, which for around two decades has stood abandoned in the heart of Portimão, has started to be renovated and will have 60 rooms. The former Feitoria and adjacent buildings will also be converted into a hotel unit with 65 rooms, the site reports.
One of the largest developments in the pipeline will be in the Mata da Rocha area near the Portimão Marina, where a 26-hectare plot will be divided into 30 plots. Planned for the area is a hotel and tourist apartments totalling 766 rooms and 652 apartments.
Nearby, between the commercial port and the Convento de S. Francisco, a hotel with 388 rooms and 473 tourist apartments is also expected to be built.
Another highlight is the second phase of Morgado do Reguengo, which once completed will add 900 rooms to the golf resort.
The news portal goes on to list four other tourist developments which are set to be built in the area between Vau and Alvor, as well as hotels in Torralta, Montes de Alvor and Quinta da Rocha.
There is also the huge “eco-resort” Herdade do Arade, which is planned for the Morgado de Arge area, north of Portimão, and could pave the way for the construction of hotels, tourist complexes, theme parks, a nautical centre, a campsite, riding centre, sports centre and seven reservoirs, comprising a total of more than 3,000 tourist beds.