Concession contract for Paço Real de Caxias was signed

The concession contract for the rehabilitation and operation of Paço Real de Caxias, in Oeiras, as a hotel establishment was signed today with the concessionaire Imobimacus - Sociedade Administradora de Imóveis, SA, of the Hotéis Turim Group.

The property is delivered for 50 years to the company that submitted the winning bid in the tender, which is expected to pay the State an annual income of 216 thousand euros for the concession, and ensure the investment for the recovery of the property estimated at approximately 11.6 million euros.[2-3-2020]

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