Oeiras Chamber will invest €100 million in Tourism Real Estate strategy

Oeiras will present by the end of this year the new strategic plan of tourist and hotel development of the municipality. The municipality that stood out to date mainly for the investment in business and technology parks, now also wants to bet on tourism and leisure. As such the municipality wants to open ten hotel units...

04 Oct 2020 min reading

Oeiras Chamber will invest €100 million in tourism accomodation and infrastructure

Recovery of historical heritage and several new hotels are part of the new strategic plan for tourism and hotel development.

Oeiras will present by the end of this year the new strategic plan of tourist and hotel development of the municipality. The municipality that stood out mainly for the investment in business and technology parks, now also wants to bet on tourism and leisure. As such the municipality wants to open ten hotel units by 2024 and is betting headlong on the recovery of historical assets with an expected investment of €100 million by the municipality itself.

Moving forward with the recovery of some of the oldest and most emblematic buildings in the area translates this investment into €80 million for the rehabilitation of the old heritage, plus an investment of €20 million in the construction of a congress centre.

Source: Expresso