This step represents the expansion of the hotel chain to more foreign markets, namely outside Portuguese-speaking countries, confirmed the chairman of the group to TVI, Jornal de Negócios and Jornal Económico.

In Portugal, two new hotels have already opened in Alentejo, in Beja, with an investment of around 15 million euros, but four more are planned: Ponte de Lima, Elvas, Miranda do Douro and Oeiras. With regard to new markets, Jorge Rebelo de Almeida gave few details, but the hotel group won a tender in Cuba to manage two hotels, one in Cayo Paredon and the other in Havana. Until now, outside of Portugal, the hotel chain was only present in Brazil.

The chairman of the group also indicates, in an interview with Jornal Económico, that in addition to the rise in interest rates, the most worrying thing has been the rise in construction prices, which have increased a lot in recent years. However, the group has financed the expansion mostly using equity, which helps to cope with rising financing costs.