News | 2023-07-04

TELLES advises the Saviotti Group on the sale of Dom Pedro Hotels in the Algarve and Madeira to Arrow

TELLES advised the Saviotti Group on the sale of six hotels of the Dom Pedro Group and five golf courses in Vilamoura, Lagos and Madeira to Arrow.

The assets include the Dom Pedro Portobelo, Dom Pedro Marina, Dom Pedro Vilamoura, Dom Pedro Lagos, Dom Pedro Machico and Dom Pedro Garajau hotels and the Vilamoura, Old Course, Pinhal, Laguna, Millenium and Victoria golf courses.

The TELLES team in this transaction was led by Mariana Ferreira Martins, partner in the Corporate, Transactions and Private Equity practice, with the assistance of Nuno Marques and Leonor Dias do Carmo, Of Counsel and Associate respectively in the same practice.

With this transaction, the Saviotti Group will focus its activities on the Dom Pedro 5* Hotel Unit, in Lisbon, as well as on real estate and tourism projects in Portugal and Brazil. Dom Pedro Laguna (Brazil) was awarded three World Tourism Oscars at the World Travel Awards in the categories of 'Best Resort in Brazil', 'Best Golf Hotel in Brazil' and 'Best Beach Resort in South America'.

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