The five star property was until recently known as Pestana Blue Alvor and operated by Portugal-based Pestana Hotel Group, but will reopen by the end of this quarter as Tivoli Alvor Algarve Resort.
Azora European Hotel & Lodging, a fund managed by Spanish real estate investment firm Azora, acquired the hotel from Pestana last May, but kept the original name and operator until now.
The property will be run by Minor’s NH Hotel Group division when it reopens, according to the agreement signed with Azora. This will mark NH’s entry into the all-inclusive segment.
Reaching brand standards
The resort was constructed in 2019 close to the town of Alvor, near Portimão. Currently closed, the over 112,000 sq m site’s overhaul to meet Tivoli brand standards will see it feature 470 rooms and suites, and will include amenities for the whole family.
With four restaurants and two bars, the Tivoli Alvor Algarve Resort will offer dining options to suit all tastes and palates, as well as venues to celebrate special occasions.
The property offers sports facilities including mini golf, paddle tennis courts and a gym, as well as six swimming pools allowing for a wide range of water activities.
Also onsite are children’s clubs, a large multi-purpose sports field and a spa.
Ramón Aragonés, CEO of NH Hotel Group, commented: “The continued expansion of Tivoli Hotels & Resorts with these upcoming openings in Portugal and Spain demonstrate the company’s clear priority to grow this brand, which will lead NH Hotel Group’s growth, with new luxury resorts in some of the best holiday destinations in Southern Europe.”
Together with Azora, NH already operates Tivoli Marina Vilamoura Algarve Resort, which is itself currently undergoing renovation, and Tivoli Carvoeiro Algarve Resort in Portugal.
This year is the Tivoli brand’s 90th anniversary and during this milestone 12 months it will expand its presence in Europe with the first opening in Spain and new assets in Portugal.
The debut Spanish site will be the 284-key Tivoli La Caleta Resort in Tenerife, which is scheduled to complete in spring 2023.