Portfolio

Douro 41
Hospitality
FRN

Invested in
2015
Investment Rationale

Highly regarded tourism project on the banks of River Douro, currently with an occupancy rate close to 70% (benchmark value for the sector). Asset’s excellent quality has resulted in customer satisfaction indexing within region’s top benchmark. In the last few years, this sector has shown exponential growth in Portugal (the Greater Oporto region being an international reference) holding 9th position in the EU’s ranking in terms of tourism revenue and in the top 20 worldwide as one of the most competitive tourist destinations.

Strategy

Expand accommodation capacity with the completion of 25 tourist apartments (and respective common areas) generating greater efficiency and scale gains to attract groups. Focus on corporate segment and event organisation making the most of its proximity to Oporto (closest hotel to Oporto in the Douro region). Hotel repositioning in the 5* segment with an improvement in prices. Improved management professionalism and greater sales effort following integration in DHM Hotel Group.

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