Greece’s Domes Resorts, one of the fastest growing luxury hotel brands in the Mediterranean, continues its rapid expansion and will take over the management of The Lake Spa Resort in Portugal owned by Hotel Investment Partners (HIP), the largest owner of resort hotels in Southern Europe backed by funds managed by Blackstone.
A 192-room five-star hotel, that boasts direct access to the beach on the bay of Vilamoura, is due to be fully converted into an internationally branded, Domes Resorts.
“After a very successful 2021 season with the repositioning and opening of a completely renovated Domes of Corfu, Autograph Collection, Domes Resorts is delighted to once again partner with HIP and strengthen its presence in Europe with the much-anticipated early 2022 opening of The Lake Spa Resort in Algarve,” the management of Domes Resorts said in an announcement.
An investment of 7 million euros is scheduled to upgrade and transform the property with a complete refurbishment of all rooms and common areas, and a rebranding of all Food & Beverage outlets.
Additionally, a new adults-only pool will be created, along with the addition of a pool bar for the new adults-only pool area, and finally, a total reconceptualization of the gastronomic map with signature Domes dining concepts.
The Lake Spa Resort was awarded Europe’s Leading Luxury Lifestyle Resort 2021 in the World Travel Awards
Greek luxury hospitality group Domes Resorts is owned by Ledra Hotels & Villas and is comprised of the legendary Domes of Elounda, Autograph Collection; the cosmopolitan Domes Noruz Chania, Autograph Collection; Domes Miramare, a Luxury Collection Resort on Corfu; Domes Zeen Chania, a Luxury Collection Resort, Crete; and the newest addition Domes of Corfu, Autograph Collection.