The two units, with a total of 660 rooms, which will become the property of the new 'joint-venture' held 50% by each of the partners, will be operated by PortoBay under the name PortoBay Falésia and PortoBay Blue Ocean, according to the president of the PortoBay group, António Trindade.

The brand, which has been operating since 2007 as operator of the PortoBay Falésia hotel with 310 rooms, is, in this way, taking "an important step in consolidating its Algarve business", he said.

"Both hotels, neighbouring each other and with the ability to share some equipment, enjoy a unique location, on the cliffs of Falésia beach, with open views of the Algarve sea, large wooded surrounding areas and pedestrian access to the beach.

The investment by the two partners will be "in excess of 150 million euros" in the two units, "including an in-depth refurbishment n of the properties that will begin before the end of this year".

According to the group, the future PortoBay Blue Ocean should open its doors in the summer of 2025.

"Given the volume of investment planned for the requalification of the two units and the quality that PortoBay has already demonstrated and for which it has been so widely awarded, it is safe to say that the 17 units operated by the group, with more than 2,000 rooms, will continue to delight guests and further increase the volume of loyal customers, which currently exceeds 30% of total nights spent in the brand's hotels".

According to António Trindade, the PortoBay group also has two new investments planned.

Construction of PortoBay Old Town will begin later this year, which will be the only five-star hotel in the old town of Funchal, with completion scheduled for the beginning of 2027.

In Lagos, PortoBay is awaiting the completion of a Detailed Plan which is in its final phase, "to be able to build a five-star unit there, with nothing standing between its 120 rooms and the sea. This project will be added to the joint-venture's Algarve portfolio", they conclude.