The company plans to open hotels in Lisbon and also in the northern city of Porto by 2020, and to hire 12 employees for each hotel.
Investment in the first hotel, which will open in Lisbon later this month, is expected to amount to €7.8 million, according to Carlos Sánjuan. The company will invest €18 million in the remaining sites.

The company aims to invoice around €7.5 million in Portugal per year, Carlos Sánjuan added.

In a note sent to media, Casual Hoteles announced it would go ahead with launching the hotel Casual Belle Époque Lisboa in March, its “first international hotel” located in downtown Lisbon in a historic and completely renovated building.

The Casual Belle Époque Lisboa hotel will have 28 spacious rooms and will offer double rooms, twins, suites and also family rooms.
The chain plans to open another site in Lisbon, in a little over a year. Another hotel will be opened in Porto in April, and two more are scheduled for 2020.

The plan is part of the group’s internationalisation plan. By 2023, the chain aims to have 30 hotels and a turnover of around €50 million, the group said.