Domes Resorts has continued its fast enlargement with a deal to handle the Lake Spa Resort in Portugal.
The property has been acquired by Lodge Funding Companions (HIP), the biggest proprietor of resort inns in southern Europe, backed by funds managed by Blackstone.
The long-lasting 192 room five-star lodge, boasting direct entry to the seaside on the bay of Vilamoura, can be totally transformed into an internationally branded property by Domes Resorts.
After a really profitable 2021, which noticed the repositioning and opening of a very renovated Domes of Corfu, Autograph Assortment, Domes Resorts stated it was delighted to as soon as once more associate with HIP and strengthen its presence in Europe with the much-anticipated early 2022 opening of the Lake Spa Resort in Algarve.
The undertaking – a €7 million funding – will see the improve and transformation of the property by means of a whole refurbishment of all rooms and customary areas – together with the creation of a brand new adults-only pool and pool bar – and a rebranding of all Meals & Beverage retailers which can be changed with signature Domes eating ideas.
Domes is among the quickest rising luxurious lodge manufacturers within the Mediterranean.
