Parque da Floresta resort “on sale for €9.8 million”

The Algarve may be Europe’s premier golfing destination, but that doesn’t mean the stardust settles on every resort: Vila do Bispo’s Parque da Floresta (renamed Santo António Golf during a semi-recent takeover), has struggled with different management companies since it opened with a great deal of razzmatazz in the late 80s, and is now “back on sale again”.

Say reports in the national press, the minimum asking price this time is €9.8 million.

A call to the course today confirmed the news that once again the development is looking for a new owner.

Tabloid Correio da Manhã cites Vila do Bispo council as one of the leading creditors – owed “around €1.5 million for water supplied” – and claims mayor Adelino Soares is hoping that once this latest “period of difficulties” has been overcome the resort can return to being “one of the driving forces for tourism in the borough”.

For now, CM stresses that the resort’s 89 staff members have salary payments up to date.

There are purportedly some “old payments” still outstanding, says Tiago Jacinto of the Algarve hotel workers syndicate. More will become clear following the next syndicate meeting in February.

Meantime, CM suggests proposals by investors interested in taking over the 18-hole resort – which includes a ‘golf academy’, bowling green, spa, swimming pools, tennis courts and tourist accommodation – must be submitted by March 1.

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