Domes Resorts has continued its fast enlargement with a deal to handle the Lake Spa Resort in Portugal.
The property has been acquired by Resort Funding Companions (HIP), the most important proprietor of resort inns in southern Europe, backed by funds managed by Blackstone.
The long-lasting 192 room five-star resort, boasting direct entry to the seaside on the bay of Vilamoura, will probably be totally transformed into an internationally branded property by Domes Resorts.
After a really profitable 2021, which noticed the repositioning and opening of a totally renovated Domes of Corfu, Autograph Assortment, Domes Resorts mentioned 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 challenge – a €7 million funding – will see the improve and transformation of the property via 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 shops which will probably be changed with signature Domes eating ideas.
Domes is among the quickest rising luxurious resort manufacturers within the Mediterranean.