Hotel California in Albufeira sold to Arrow Global Portugal

Hotel California, a four-star hotel located in the center of Albufeira, has been sold by former owner Details Hotels & Resorts to Arrow Global Portugal.

The deal was announced by Cushman & Wakefield Portugal, who advised on the sale of the hotel. The cost was not disclosed.

Covering a total area of ​​3,900 m² and having been renovated in 2019, the California Hotel has 80 rooms and features a rooftop swimming pool and bar overlooking the historic city center, a spa and a fitness center and a sushi restaurant. It is also just 100 meters from the famous Praia dos Pescadores beach.

“It was undoubtedly an operation that gave us great satisfaction throughout the management of the process, especially for the opportunity to help build the narrative, the basis of trust and mutual respect for the objectives of each party. , catapulting Details Hotels & Resorts and Norfin into a synergistic relationship that will play an increasingly prominent role in the Portuguese tourism scene,” said Gonçalo Garcia, Partner and Head of Hospitality at Cushman & Wakefield Portugal, in a statement to the press.

For his part, João Costa, COO of Details Hotels & Resorts, said: “We are very happy to be part of a multinational group such as Arrow, with a diversified and solid activity and a strong presence in Portugal. Moreover, it is very positive to remain in the management of the hotel, because we can bring our experience to the various projects in progress.

Francisco Moser, Director of Hospitality at Arrow Portugal, added: “The Algarve is an obvious choice to invest in the hotel industry, due to its history linked to tourism, but the group’s objective is to seek and take advantage of opportunities around the world. .”

Nicholas E. Crittendon