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Portugal: Tech-powered operator Bob W has signed four properties across Portugal, adding almost 200 units to its European portfolio.
The first Portuguese property is scheduled to open in Q1 2027, with three further sites planned by the end of 2028.
In Lisbon, Bob W has partnered with European real estate developer Ratisbona Iberia for a 25-unit aparthotel at Rua da Palmeira 20. It is scheduled to open in late 2028.
Pedro Silvestre, head of expansion at Ratisbona Iberia, said: “Bob W brings a compelling operating model to the Portuguese market, combining strong hospitality expertise with a clear understanding of what makes urban properties successful. This redevelopment is an opportunity to retain the architectural character of an established Lisbon building while creating a hospitality asset designed for the next generation of travellers.”
The wider plans include a 40-unit property also in Lisbon, alongside two developments in Vila Nova de Gaia comprising 58 and 70 units respectively, with openings planned between 2027 and 2028.
Badis Boudjakdji, director for real estate and expansion Spain at Bob W, said: “Portugal is a market we’ve wanted to enter for some time, and we’re going in with real conviction. Four properties across Lisbon and Porto is a statement of intent. Securing projects across different locations, with a mix of studios and larger apartments suited to both leisure and business travellers, is helping us lay the foundations for a long-term presence in a market where we see significant opportunity.”
Currently operating in 12 countries, Bob W’s contracted footprint is expected to extend to at least 18 countries by the end of 2028.
Highlights:
- Tech-powered hospitality operator Bob W has signed four properties across Portugal, adding nearly 200 units to its European portfolio.
- The Portuguese pipeline includes two Lisbon aparthotel developments comprising 25 and 40 units, with the first site opening planned for 2027.
- Expansion plans feature two additional properties in Vila Nova de Gaia near Porto, supplying 58 and 70 units respectively between 2027 and 2028.
- European real estate developer Ratisbona Iberia has partnered with Bob W to deliver the 25-unit Lisbon property located at Rua da Palmeira 20.
