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Portugal: Digital hospitality platform NUMA Group has acquired Lisbon Serviced Apartments (LSA), expanding its portfolio to more than 11,000 units.
The transaction, completed through a joint venture with CoRe Capital, adds 19 properties to NUMA’s Portuguese portfolio.
Founded in 2009 by Luís Milagres e Sousa, LSA has developed a short-stay serviced apartment brand in Lisbon with locations in Chiado, Príncipe Real, Alfama and Avenida da Liberdade. The company will rebrand as Lisbon Serviced Apartments by Numa.
As part of the deal, NUMA will hold operational decision-making authority over distribution and revenue strategy, and the LSA portfolio will be integrated onto NUMA’s proprietary technology platform through a phased programme covering digital guest services, revenue optimisation and operational systems.
Christian Gaiser, CEO and co-founder of NUMA Group, said: “LSA has built an outstanding reputation over more than 15 years, and together with CoRe Capital we look forward to building on that foundation through our technology platform, operating expertise and long-term growth strategy. Portugal remains an important market for NUMA and this acquisition represents another step in our continued expansion across Europe.”
Luís Milagres e Sousa, founder of Lisbon Serviced Apartments, said: “When I founded LSA, the ambition was simple: to create accommodation that reflected the character, quality and hospitality of Lisbon. I am incredibly proud of what our team has achieved over the last 17 years and excited to partner with NUMA and CoRe Capital as we begin the next chapter of the business.”
Pedro Araújo e Sá, senior partner at CoRe Capital, said: “Technology-enabled hospitality continues to represent an attractive long-term investment opportunity. NUMA has demonstrated an exceptional ability to combine technology, operational excellence and disciplined expansion, making it the ideal partner to support the continued growth of the LSA portfolio.”
Highlights:
- NUMA Group has acquired Lisbon Serviced Apartments through a joint venture with CoRe Capital, expanding its European portfolio to more than 11,000 serviced apartment units.
- The acquisition adds 19 serviced apartment properties in Lisbon to NUMA’s Portugal portfolio, with the business rebranding as Lisbon Serviced Apartments by Numa.
- The Lisbon portfolio includes serviced apartments in Chiado, Príncipe Real, Alfama and Avenida da Liberdade, strengthening NUMA’s presence in Portugal’s capital.
- NUMA Group will integrate the acquired serviced apartment portfolio onto its proprietary technology platform, assuming responsibility for distribution, revenue management, digital guest services and operational systems.
