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Pestana opens new autrodrome hotel

autodromeHotelThe prestigous Portuguese hotel group Pestana has announced its latest hotel opening at a site near Portimão’s international autodrome.

The Pestana Algarve Race Hotel & Resort opened on August 1st in a management deal with racetrack owner Parkalgar offering guests a ‘different Algarve experience.’

The 75-room hotel is supported by 96 apartments and guests can enjoy using the spa, restaurant, bars, outdoor pools, the health club and the games room.

Pestana is keen to promote the hotel as an activity break venue as well as a place to stay when there is racing at the track, suggesting guests might like to use the nearby facilities for a test drive, to use the go-karting track, go mountain biking, horseback riding, visit local vineyards, walk around the hills geocaching or simply hiking.

The hotel was completed with €10 million assigned to the project as part of Parkalgar’s deal with creditors.

The Pestana Algarve Race Hotel & Resort is the hotel group’s 13th hotel in the Algarve after completing recently the Pestana Alvor South Beach.

The Portuguese owned international group aims to open 20 new hotels by 2020 at a cost of €170 million.

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Comments  

0 #2 TeresaG 2016-08-19 23:43
The whole autodrome was a scam from beginning to sticky end. The Portimao ratepayers, under madcap mayor Manuel da Luz, unknowingly stuffed an unquantifyable sum into the private venture, the creditor agreement was dominate by the builder and the bank so all the small creditors ended up by being paid off a much reduced proportion of the sums owed over many years and now Portugal Capital Ventures pays an undisclosed sum each year for the privilege of running loss making events. The shambles is run by PCV in an area way outside its remit and loses the taxpayer money every week of the year yet nobody is allowed to say anything - apart from algarvedailynews which spotted this scam from the early days.
+1 #1 liveaboard 2016-08-19 19:39
I'm a motorhead, and I wouldn't stay next to the track if you paid me.
Noise, stink, unburned hydrocarbons...

Good luck to them, but I fear it's just another investment scam that will fold soon, leaving a lot of unpaid investors and workers behind.

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