Borba to get €10 million, 5-star hotel in converted convent

By TPN/Lusa, in World · 17-05-2019 01:00:00 · 0 Comments

The old Convento das Servas, in Borba near the border with Spain, is going to be transformed into a 5-star hotel, in a €10 million investment, the developers said on Tuesday.

The Aureum Group’s real estate consultant, Paulo Borges, told Lusa News Agency that the convent had been bought to be converted into a hotel.

“We are very interested in investing in Borba in this project that involves a component connected with the wine that is made nearby”, the company added.

Borges told Lusa that the idea was to keep the original lines of the 17th-century building and refurbish the inside, which was in a “very poor state of repair”.

The new hotel is expected to create 50 to 60 jobs, he added.

The consultant said that they expect some foreign investment in addition to what the company is putting into the project.

The Porto-based consultants are investing in hotels in Portugal by recovering historical buildings and recently also bought the former Convento de São Paulo, in neighbouring Vila Viçosa, to create another hotel in a €20 million investment.


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