Quinta Do Lago announces acquisition of Conrad Algarve

09 December 2024

Quinta do Lago, Europe’s leading luxury lifestyle resort, has further increased its five-star offer with the acquisition of Conrad Algarve.

Nestled in the heart of Quinta do Lago, Conrad Algarve is home to 154 suites, 80 apartments, two villas and six restaurants and bars, including one Michelin-starred restaurant, as well as a luxury spa.

The addition of Conrad Algarve perfectly complements the resort’s existing portfolio, which includes 14 acclaimed restaurants and bars, cutting-edge high-performance sports hub The Campus, property services through Clube da Quinta, and three championship golf courses; recently recognised as the World’s Best Golf Real Estate Venue at the 2024 World Golf Awards.

The success of the Conrad Algarve acquisition was led by the Quinta do Lago team under the guidance of chief executive officer (CEO) Sean Moriarty and chief financial officer (CFO) Miguel Sousa. This historic acquisition, made to a fund managed by ECS, an asset manager backed by Davidson Kempner Capital Management, was supported by PLMJ, Quinta do Lago's long-standing legal partner. On the seller’s side, Uría Menéndez acted as legal advisor, while CBRE and Eastdil Secured handled the transaction brokerage.

This acquisition of Conrad Algarve aligns seamlessly with Quinta do Lago’s ongoing mission to enrich the lives of its residents and visitors by encouraging a lifestyle of wellness, luxury, and sustainability. It opens the door to exciting new opportunities like residences; 80 high-end apartments featuring premium finishes and a concept designed for ease and sophistication. These residences offer a "lock-up-and-leave" lifestyle, perfect for those seeking a seamless blend of luxury, relaxation, and security, right on the doorstep of Quinta do Lago to provide quick access to the resort’s world-class amenities.

These properties will also join Quinta do Lago’s prestigious sales and rentals portfolio, offering owners a chance to immerse themselves in the exclusive community and enjoy the convenience of one of Europe’s most desirable lifestyle destinations.

Over the years, the resort has invested more than €70 million into enhancing its guest experience, transforming itself from a primarily golf-centric destination into a dynamic, 360-degree lifestyle resort that appeals to a younger, more diverse audience. The addition of the Conrad Algarve reinforces Quinta do Lago’s position as the definitive leader of Europe’s luxury resorts, offering unmatched experiences across dining, wellness, leisure, and now elevated hospitality with myriad accommodation options, from 5* hotel accommodation and apartments to luxury villa rentals.

CEO of Quinta do Lago, Sean Moriarty, said: "As Quinta do Lago continues to strengthen its position as one of the world’s most prestigious lifestyle and wellness destinations, this acquisition represents a transformative step forward for our brand. Bringing a property of this calibre into the Quinta do Lago portfolio aligns seamlessly with our dedication to luxury, and creating extraordinary guest experiences. The Conrad Algarve is the perfect addition to our well-established offerings, further elevating our reputation as a global destination for travellers seeking exclusivity.

"This milestone reflects our vision of shaping and leading the hospitality industry by blending timeless elegance with modern innovation. Quinta do Lago is not just a resort; it is a lifestyle, a community, and a legacy built on excellence. By incorporating this exceptional hotel, we reaffirm our commitment to setting new benchmarks in luxury, and paving the way for the future of high-end hospitality in the Algarve and beyond."

Manuel Noronha Andrade, CEO of ECS, said: "This transaction reflects ECS’s commitment to identifying opportunities that create significant value. We are proud to have supported the growth of the Conrad Algarve, positioning it as an icon of excellence. We believe that, under the new ownership, the resort will continue to raise the bar for the hotel market in the region, reaffirming its position as a leading destination."

www.quintadolago.com

ENDS

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Issued by Azalea. For more information on Quinta do Lago or images contact Dan Blank on 01730 711934, or email dan.blank@theazaleagroup.com

Quinta do Lago
Since its inception in 1972, Quinta do Lago has been at the forefront of international golf, hosting eight Portuguese Opens as well as numerous other international tournaments. Home to three world-class golf courses, the resort also boasts a wealth of cutting-edge practice facilities.

  • Quinta do Lago North Course – Opening in October 2014, the totally revamped North Course has been redeveloped by renowned American golf architect Beau Welling in close collaboration with 2014 European Ryder Cup captain Paul McGinley and is set to become one of the new stars of European golf. The new layout has been built to the highest specifications with a €9.6m investment programme and has been redeveloped with the emphasis firmly on precision and strategy. While many modern-day developments tend to focus on length, Welling and McGinley have been keen to design a golfing experience where accuracy and course management are the key factors, and a course that is playable and fun for golfers of all abilities.
  • Quinta do Lago South Course – A favourite among European Tour professionals, the South Course calls for accurate drives and precise shots, but rewards players for their efforts with the stunning backdrop of the Ria Formosa Natural Park. Regularly included in Golf World magazine’s ‘Top 100 Golf Courses in Europe’, the par-72 layout has received widespread praise for its strategically placed hazards and varying difficulty across the 18 holes. Having hosted the Portuguese Open on no fewer than eight occasions, the South Course is regarded as one of Portugal’s premier golfing venues and underwent a €7m upgrade in 2020 to further enhance the playing experience.
  • Laranjal – Designed by Jorge Santana da Silva in the grounds of an orange grove, the par-72 course was named as Portugal’s Best Golf Course 2011 at the Portuguese Travel Awards and poses serious tests for players of all abilities. Opened in 2008, Laranjal offers a pure golfing experience right next to the Quinta do Lago estate and features fairways sown with Bermuda grass, providing a challenging playing environment in a picture-perfect setting.
  • Paul McGinley Academy – Quinta do Lago is home to the only Paul McGinley Academy in the world, founded in October 2011 by Europe’s 2014 Ryder Cup captain. With a strong involvement from McGinley himself, who is a regular visitor to the resort, the academy aims to cultivate and improve golfers’ play by providing them with the tools and techniques used on the professional Tours. The academy focuses especially on younger players, working in collaboration with local schools and is the perfect way to follow in the footsteps of the pros.
  • TaylorMade Performance Centre – Quinta do Lago’s TaylorMade Performance Centre is the only facility of its kind in Portugal and is located on the resort’s expansive driving range. Opened in May 2013, the centre is operated by trained TaylorMade technicians, offering golfers a custom-fitting experience testing hundreds of club and iron options, ensuring the best combination for every player’s swing. It also has a fully equipped Tour standard workshop and utilises FlightScope X2 radar technology to measure the entire flight of the ball from impact to landing whilst displaying its 3D trajectory in real time.

Set amongst 2,000 acres of the picturesque Ria Formosa Natural Park and located just 15 minutes from Faro airport, Quinta do Lago offers residents and guests an unparalleled location benefiting from a year-round temperate climate, a variety of lifestyle pursuits and a strong sense of community.

For more information on Quinta do Lago and its facilities, call + 351 289 390 700 or visit www.quintadolago.com

Contact:

Dan Blank - Senior Content Editor
The Azalea Group
Tel: +44 (0)1730 711920
Email: dan.blank@theazaleagroup.com
Website: www.theazaleagroup.com