Sonae Capital sold the Aqualuz – Suite Hotel Apartamentos in Lagos, for a value of 20.650 million euros. The tourist unit was acquired by the open-ended investment fund Imofomento and will continue to be operated by SC Hospitality, Sonae Capital's hotel business unit.
According to JLL Portugal, which represented Sonae Capita in the sale, the deal just closed on November 18, and the sale was made through a subsidiary of Sonae Capital, Bloco Q – Sociedade Imobiliária, S.A.
Located in Lagos, in the western Algarve, Aqualuz – Suite Hotel Apartamentos is a 4 star unit, comprising 177 apartments and suites. Its features include 4 swimming pools, a spa with massage services, a restaurant and bar, among other support services.