Two more concessions awarded in the Revive program: Mosteiro do Lorvão and Palacete dos Condes Dias Garcia

The concession to operate two more properties in the Revive program was awarded. The winning companies are Imobimacus - Sociedade Administradora de Imóveis, SA, of the Hotéis Turim Group, which won the Monastery of Lorvão concession in Penacova, and Hoti Star - Portugal Hotéis, SA, which won the ocncession of Palacete dos Condes Dias Garcia, in São João da Madeira. Imobimacus should make an investment in the order of 6.9 million euros for the recovery and operation of a hotel in the Monastery of Lorvão. The annual rent owed by the concessionaire to the State is 40 thousand euros. Hoti is expected to pay an annual rent of 30,528.00 euros for the concession of the Palacete dos Condes, in São João da Madeira, with an estimated investment of around 4 million to recover this property and install a 4-star hotel establishment. [25.3.2020]

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