According to Lisbon Tourism Association (ATL), region’s tourism represents 20.3% of the capital Gross Domestic Product (GDP). In addition, Lisbon is in the top 10 of the best European cities to invest in Real Estate, according to PwC and the Urban Land Institute.
These data reinforce United Investments Portugal’s (UIP) bet on the Portuguese capital with Hyatt Regency Lisbon project, being born along Tagus River.
The five-star hotel will have about 200 apartments, assuring a minimum return on investment. To date, Hyatt Regency Lisbon already has about half of the units sold.
Read Daniel Correia, General Manager of UIP’s Real Estate, statements to ECO here (only in Portuguese).