Jun
25

Lone Star Purchase Vilamoura

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At a press conference in Vilamoura on the 8th September 2015, Lone Star Funds announced the new vision for Vilamoura. The American equity firm purchased Vilamoura earlier in the year and has ambitious plans to transform Vilamoura into Europe’s leading resort. If the plans weren’t impressive enough then the timescale certainly is, the “vision” is expected to be completed within 5-7 years! At the core of the new plans are 18 projects spread over a 400 hectare site categorised as retail, tourism, housing and leisure. Five new hotels will offer a huge boost to Vilamoura in addition to the revised version of the previous “Cidade Lacustre/Lake City” project. 22 Waves Guide Vilamoura Issue #6 – 2015/16 www.waves.pt VILAMOURA WORLD A key component of the new plans include a €20million “iconic building” at the marina entrance, described as something that will become a part of the brand and be internationally recognized as “Vilamoura”. The “Yacht Club” will incorporate restaurants, commercial space and a gym into the design. The Project represents a huge €1billion investment and although only partially funded by Lone Star, they are very confident that investors will continue to be attracted by this great opportunity. The future of Vilamoura is looking very bright indeed, and we are all looking forward to watching the projects unfold.

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