Hilton at this time introduced the signing of Conrad Meia Praia Algarve, a brand new luxurious beachfront resort that may showcase the globally acknowledged design and expertise ethos of Conrad Resorts & Resorts within the Algarve when it opens in spring 2027. The challenge will likely be developed by the three way partnership between PGIM’s actual property enterprise, Sonae Sierra and Iberian Hospitality Options (IHSP) beneath a franchise settlement – marking the second collaboration with Hilton. The brand new resort may also embody 21 Conrad branded residences.
Positioned above the idyllic Meia Praia seaside, only a brief drive from Lagos metropolis, Conrad Meia Praia Algarve will function 116 rooms and suites, all with beautiful sea views, seven of which have personal plunge swimming pools. Resort facilities embody two signature eating places, a contemporary seaside membership, a poolside foyer and bar, indoor and out of doors swimming pools, a Conrad spa, a contemporary health heart and a classy occasion house. The resort will replicate Conrad’s strategy to fashionable luxurious: daring, up to date design; intuitive operation; and experiences that authentically join visitors to the Algarve.
Dan Wakeling, vp, growth, luxurious & residential, Europe, Center East & Africa, Hilton, stated: “Conrad Meia Praia Algarve represents a major milestone in Hilton’s luxurious progress technique throughout Europe. This distinctive beachfront resort will add to our rising portfolio of Conrad properties within the area, providing visitors a brand new option to expertise a luxurious keep in one in all Portugal’s hottest locations. We’re delighted to be working with the three way partnership between PGIM Actual Property, Sonae Sierra and Iberian Hospitality Options (IHSP) and their skilled growth workforce to carry this imaginative and prescient to life.”
Dino Michael, senior vp and class head of Hilton Luxurious Manufacturers, stated: “Conrad Meia Praia Algarve affords us a unprecedented canvas to precise what fashionable luxurious means at this time: a spot the place daring design, intuitive service and the pure great thing about the Algarve come collectively to create a keep that feels each grounded and transportive. As vacationers search a deeper reference to the world round them, this resort will ship an expertise formed by tradition, craft and a real sense of place.”
On behalf of the three way partnership between Sierra, PGIM and IHSP: “We’re proud to as soon as once more collaborate with Hilton on the event of Conrad Meia Praia Algarve, a challenge that displays our dedication to creating world-class lodge experiences. This funding is totally aligned with the technique of our three way partnership, which focuses on buying, growing and actively managing differentiated hospitality property in established tourism locations. Backed by IHSP’s operational experience and situated in probably the most enticing and resilient tourism markets of Portugal, this challenge reinforces our ambition to diversify our portfolio with high-quality property whereas contributing to the long-term enchancment of the nation’s tourism provide.”
This represents the second funding of the three way partnership between Sonae Sierra and Iberian Hospitality Options (IHSP), which goals to accumulate, develop and actively handle differentiated hospitality property, with a goal gross asset worth of roughly €200 million, following the primary acquisition accomplished in April 2024, with the opened Cénica Porto Resort, Curio Assortment by Hilton, situated within the coronary heart of Porto.
The Algarve is one in all Europe’s premier leisure locations, recognized for its year-round sunshine, world-class golf programs and charming coastal cities.
Conrad Meia Praia Algarve will be a part of Hilton’s rising portfolio in Portugal, which at the moment consists of 30 business inns and 16 within the pipeline. The brand new signing builds on Conrad Algarve’s success in Quinta do Lago and additional strengthens the model’s presence within the area. The property will be a part of quite a few upcoming luxurious Hilton lodge openings throughout Europe, together with Waldorf Astoria Admiralty Arch and Sandblu Santorini, LXR Resorts & Resorts.
Conrad Meia Praia Algarve – Quick Info
Opening: spring 2027
Location: Meia Praia Seaside, Lagos, Algarve, Portugal
Developer: Surprise Resort Ventures SA
Key depend: 116 rooms and suites (all with sea views; seven with personal plunge swimming pools) and Conrad Branded Residences
Eating: Two eating places together with a specialty restaurant, seaside membership, foyer bar and pool bar
Facilities: Indoor and out of doors swimming pools, spa, health heart, assembly room
Model: Conrad Resorts & Resorts