Greek company Domes Resorts, one of the fastest growing luxury hotel brands in the Mediterranean, continues its rapid expansion and will take over management of The Lake Spa Resort in Portugal, owned by Hotel Investment Partners (HIP) , the largest owner of resort hotels in southern Europe backed by funds managed by Blackstone.
A five-star hotel with 192 rooms, which enjoys direct access to the beach at Vilamoura Bay, is to be completely transformed into an international branded resort, Domes Resorts.
“After a very successful 2021 season with the repositioning and opening of a completely renovated Domes of Corfu, Autograph Collection, Domes Resorts is delighted to partner again with HIP and to strengthen its presence in Europe with the very expected in early 2022 from The Lake. Spa Resort in Algarve, ”Domes Resorts management said in a statement.
An investment of 7 million euros is planned to modernize and transform the property with a complete renovation of all rooms and common areas, and a rebranding of all Food & Beverage outlets.
In addition, a new adult-only swimming pool will be created, as well as the addition of a pool bar for the new adult-only pool area and, finally, a total reconceptualization of the gastronomic menu with the signature Domes restaurant concepts. .
The Lake Spa Resort received the award for the best luxury lifestyle resort in Europe in 2021 at the World Travel Awards
The Greek luxury hotel group Domes Resorts is owned by Ledra Hotels & Villas and includes the legendary Domes of Elounda, Autograph Collection; the cosmopolitan Domes Noruz Chania, Autograph Collection; Domes Miramare, a luxury resort in Corfu; Domes Zeen Chania, a luxury resort, Crete; and the newest addition to Corfu Domes, Autograph Collection.
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