€260 million tourist and residential development opens in the Algarve mountains

€260 million tourist and residential development opens in the Algarve mountainsOfficially opened on June 18th this year, Ombria Algarve comprises of a 5-star hotel with 141 rooms, suites and apartments, a spa, gym, five restaurants and bars, a kids club, a conference centre and several heated swimming pools is located in the Querença area, Loulé.

This tourist and residential development extends over a total area of ​​153 hectares and also includes a real estate aspect, with luxury villas, semi-detached houses and apartments.

In addition to the hotel, it includes several real estate phases, with luxury villas, semi-detached houses and apartments and an 18-hole golf course .

Leisure and entertainment facilities, such as an organic vegetable garden, beekeeping facilities, nature trails for walking and cycling are also available to those who visit.

Ombria Algarve is a project of Pontos Group, a Finnish family office that invests in real estate projects, growth companies and private equity, in different sectors in Finland, the Baltic countries and Portugal.

The group predicts that by 2030, the investment made will be around €260 million.

The inauguration ceremony was attended by the Secretary of State for Tourism, Pedro Machado, who praised Ombria's long-term vision, highlighting it as “an example of how tourism can generate a positive impact on local communities , preserve the identity of the territory and attract a more conscious and demanding visitor.”

For his part, the president of Grupo Pontos and mentor of the project, Ilpo Kokkila, said that it was “ a long-awaited day ” and assured that he wants “Ombria to be a unique place, a sanctuary of well-being that grows, renews itself and continually redefines the concept of an excellent residential and tourist environment in Portugal and southern Europe.”

Patrick Freeman, CEO of Ombria, reinforced that “ the project aspires to be an authentic modern luxury destination , open all year round, and which reinforces Portugal as a destination of excellence on the international scene” .

Source https://www.algarvemarafado.com/