Pages Navigation Menu

Vilamoura to become “Europe’s leading resort” with billion-euro investment

The plans will make a “positive difference in Portugal and the Algarve”.

A hugely ambitious €1 billion project to make Vilamoura “Europe’s leading resort” was announced on Tuesday (September 8) by American equity firm Lone Star Funds, the company that bought the Algarve resort “for an undisclosed sum” earlier this year.

The resort’s new “master plan” will see 18 projects – including “housing, leisure, tourism and retail” initiatives – being brought to life over a 400-hectare area. Among the earmarked ideas are five new luxury hotels and a completely revamped take on the previous Lake City project. Also ambitious is the time frame for the completion of such projects – the American firm hopes to finish all the new ventures in the next five years.

Read more here