The deal includes hotels in Vilamoura (3): Dom Pedro Portobelo, Dom Pedro Marina and Dom Pedro Vilamoura; Golf courses in Vilamoura (5): Old Course, Pinhal, Laguna, Millenium and Victoria; a hotel in Lagos: Dom Pedro Lagos and Hotels in Madeira (2): Dom Pedro Machico and Dom Pedro Garajau.

"Acquired on behalf of funds managed by Arrow Global, the purchase of Dom Pedro hotels significantly increases the real estate assets under Arrow's management and enhances the robust potential we see in this highly attractive destination", explains John Calvão, head of Arrow Global Funds, according to idealista.

For his part, Stefano Saviotti, Chairman of the Board of Directors of the Dom Pedro Group, hopes that “Arrow Global will continue to improve the legacy of the Dom Pedro Group in Vilamoura and on Madeira Island”. It also clarifies that, after this sale, the Saviotti Group will focus its activity on the Dom Pedro hotel unit in Lisbon - which was not included in the deal, continuing to be under its current ownership - and on its real estate and tourist developments in Portugal and in Brazil.

With these new hotel units under its management, Arrow Global now plans to improve and modernise the hotels, as well as the golf courses and their clubhouses. The objective is to create destinations for holidays, leisure and sports, which attract families of different nationalities, as is the case of the North American market, which has greater purchasing power.

“Our objective is to continue to grow and contribute to the development of national hotels and tourism, with particular emphasis on Vilamoura. This acquisition allows us to leverage synergies in the region”, adds João Bugalho, CEO of Arrow Global Portugal.

These new hotel properties join the real estate projects that the Arrow Global Group already has in our country, such as the management of Vilamoura World, where residential units are developed and sold, the project to expand and modernise the Vilamoura Marina, the creation of a Sports Center and the modernisation of the equestrian centre.

“By placing the Dom Pedro assets under our management, together with the previous acquisition of Vilamoura World, we express our unwavering dedication to positioning Vilamoura and Portugal as a leading global destination”, concludes John Calvão.