Objective
These funds reinforce a company’s financial capacity by acquiring properties allocated to the tourist industry, meaning those registered as tourist enterprises or companies whose main activity is the entertainment sector geared at tourism. They may subsequently be leased to the same company or a third party, normally with the option for the lessee to later purchase these same properties.
Funds
TOURISM
FIIFT – Tourist Closed-end Real Estate Investment Fund
Participants
Investment Policy
An FIIFT’s investment policy is geared towards the acquisition of properties assigned to the tourist industry for the purpose of leasing. Examples include:
- Tourist entertainment with an innovative character;
- Hoteliers and tourist entertainment involving the restoration of historical and cultural architectural heritage;
- Hoteliers in need of modernization and downsizing;
- Tourists involved in the restoration of unfinished construction projections, where work has halted for more than five years, and which pose a risk of environmental degradation.
The properties to be acquired by the FIIFT may be urban buildings or autonomous units, and may be integrated into the FIIFT as complete property rights, surface rights or other equivalent content rights.
FIIFT’s investment policy, in geographic terms, will cover the Portuguese national territory and the states of the European Union.
Portfolio
Properties available for sale or rent:
Hotel | Hotel
Anadia
Leased properties:
The Prime Évora
Hotel | Hotel
Aljustrel
Hotel Villa Garden Braga
Hotel | Hotel
Braga
Hotel Cristal Caldas
Hotel | Hotel
Caldas Da Rainha
Hotel Castelo de Vide
Hotel | Hotel
Castelo De Vide
Hotel D. Luís
Hotel | Hotel
Coimbra
Omid Saldanha Hotel
Hotel | Hotel
Lisboa
Palácio da Lousã
Hotel | Hotel
Lousã
Hotel Cristal Vieira Praia & SPA
Hotel | Hotel
Marinha Grande
Hotel Cristal Praia Resort & SPA
Hotel | Hotel
Marinha Grande
Attached House Pousada de Óbidos
Hotel | Hotel
Óbidos
Hotel Martinhal
Hotel | Hotel
Vila Do Bispo