In interviewed for the weekly newspaper Jornal de Negócios, Carlos Leal, General Manager of United Investments Portugal, announces an investment of 70 million euros in a new luxury hotel in Lisbon, scheduled to open in late 2020. Hyatt Regency Lisbon will comprise around 200 hotel and residential units close to the bustling city centre.
This reinforces UIP presence in the national market, which already has projects in the Algarve (Pine Cliffs Resort), Cascais (Sheraton Cascais Resort) and Porto (YOTEL Porto).
Carlos Leal, general manager of United Investments Portugal said, “We are thrilled to be working with Hyatt to develop a new lifestyle hub in one of the world’s leading cities. With its warm climate, culture, history, gastronomy and beaches, Lisbon truly has it all. We are proud to offer the opportunity to live the Portuguese dream: an elegant home-from-home with hassle-free investment and guaranteed returns for owners, unparalleled service and a wealth of experiences on your doorstep.”
Hyatt Regency Lisbon will be situated on the stunning waterfront in westernmost Lisbon, and will mark the first Hyatt hotel in Portugal. Following a 70 million euro investment, the development will comprise hotel and residential units ranging from fully-equipped studios to three-bedroom apartments, each featuring traditional Portuguese design with a contemporary twist as well as balconies with panoramic views of Belém and the Tejo River.