Conrad Meia Praia Algarve
Hilton Signs Conrad Meia Praia Algarve, a New Luxury Beachfront Resort in Portugal’s Algarve
Hilton (NYSE: HLT) today announced the signing of Conrad Meia Praia Algarve, a new luxury beachfront resort showcasing Conrad Hotels & Resorts' globally recognised design and experiential ethos in the Algarve when it opens in spring 2027. The project will be developed by the joint-venture between PGIM's real estate business, Sonae Sierra and Iberian Hospitality Solutions (IHSP) under a franchise agreement - marking its second collaboration with Hilton. The new resort will also include 21 Conrad branded residences.
Located above the idyllic Meia Praia beach, just a short drive from Lagos town, Conrad Meia Praia Algarve will feature 116 guest rooms and suites, all with sweeping sea views, including seven with private plunge pools. The resort's amenities include two distinctive restaurants, a contemporary beach club, a lobby and pool bar, indoor and outdoor pools, a Conrad spa, a modern fitness center, and a refined space for events. The resort will reflect Conrad's approach to modern luxury: bold, contemporary design; intuitive service; and experiences that authentically connect guests to the Algarve.
This represents the second investment of the joint venture between Sonae Sierra and Iberian Hospitality Solutions (IHSP), which aims to acquire, develop and actively manage differentiated hospitality assets, with a target gross asset value of approximately €200 million, following its first acquisition completed in April 2024, with opened Cénica Porto Hotel, Curio Collection by Hilton, located in the heart of Porto.
The Algarve is one of Europe's leading leisure destinations, renowned for its year-round sunshine, world-class golf courses, and charming coastal towns.
Conrad Meia Praia Algarve will join Hilton's growing portfolio in Portugal, which currently includes 30 trading hotels and 16 in the pipeline. The new signing builds on the success of Conrad Algarve in Quinta do Lago and further strengthens the brand's presence in the region. The property will join a number of upcoming Hilton luxury hotel openings across Europe, including Waldorf Astoria Admiralty Arch and Sandblu Santorini, LXR Hotels & Resorts.