Arrow Global Portugal hosts Innovation Challenge for the third time
Arrow Global funds complete acquisition of Dom Pedro hotels
Arrow Global, the European vertically integrated asset manager, has completed the acquisition of the main assets of the Dom Pedro Group. The assets, now held by funds managed by Arrow Global, include three Vilamoura hotels – Dom Pedro Portobelo, Dom Pedro Marina and Dom Pedro Vilamoura, along with five emblematic Vilamoura golf courses – Old Course, Pinhal, Laguna, Millenium and Victoria. The deal also includes Dom Pedro Lagos and two hotels in Madeira: Dom Pedro Machico and Dom Pedro Garajau. The Dom Pedro Lisboa hotel, however, is not included in the deal and will continue to be owned by Saviotti S.A..
“Acquired on behalf of funds managed by Arrow Global, the purchase of Dom Pedro Hotels significantly increases Arrow’s real estate assets under management and enhances the robust potential we see in this highly attractive destination,” explains John Calvão, Principal of Arrow Global. of the Arrow Global Funds, adding that “We are delighted that Mr. Stefano Saviotti, a pioneer in the development of Vilamoura, has entrusted us with the acquisition of the majority of Dom Pedro’s assets in Portugal. We are committed to continuing to work with a brand of great tradition and significance to the country. By bringing the Dom Pedro assets under our management, along with the previous acquisition of Vilamoura World, we express our unwavering dedication to positioning Vilamoura and Portugal as a leading global destination.”
“Our goal is to continue to grow and contribute to the development of national hospitality and tourism”
João Bugalho | Chief Country Officer
Stefano Saviotti, Chairman of the Board of Directors of the Dom Pedro Group, says: “As a pioneer in the tourism development of Madeira Island and Vilamoura, I’m very proud to have contributed to the success of both these landmark destinations. I would also like to thank all the employees of Dom Pedro Hotels & Golf Collection, after more than 50 years in the Portuguese hotel business. I hope that Arrow Global will continue to enhance the legacy of the Dom Pedro Group in Vilamoura and Madeira Island. The Saviotti Group will now focus its activity on the 5* Dom Pedro Hotel in Lisbon and our real estate and tourism developments in Portugal and Brazil”.
“Our goal is to continue to grow and contribute to the development of national hospitality and tourism, with particular emphasis on Vilamoura. This acquisition allows us to leverage synergies in the region,” adds João Bugalho, CEO of Arrow Global Portugal.
Arrow Global’s strategy involves improving and modernizing hotels, as well as golf courses and corresponding club houses. The aim is to attract more customers and diversify the geographical base to markets with greater purchasing power, such as the North American market, providing them with a destination of excellence for vacations, leisure and sports.
The hotel management of the units acquired will be the responsibility of Francisco Moser, CEO of Hospitality at Arrow Global Portugal. Nuno Sepúlveda, former General Manager of Costa Navarino Golf in Greece, joins the group as CEO of Sports & Leisure.
“With the experience of two professionals like Francisco Moser and Nuno Sepúlveda, we have the security and confidence needed for a group that aspires to establish itself as a significant player in the hospitality, sports and leisure sectors,” says João Bugalho.
The acquisition process was managed by Norfin Serviços, a subsidiary of Arrow Global. Francisco Sottomayor, CEO of Norfin, guarantees that “This deal reflects the commitment that Norfin has shown in developing new capacities in hospitality and tourism, which have had excellent results. We are very pleased to have participated in this transaction, a significant milestone in the growing Portuguese investment market.”
In Portugal, the Arrow Global Group currently has several projects, including the management of Vilamoura World, where residential units are being developed and marketed, the project to extend and modernize Vilamoura Marina, the creation of a Sports Centre and the modernization of the equestrian center.
