120-key distressed hotel in Lisbon — €40M

A distressed 4-star hotel of approximately 120 keys in Lisbon, offered at €40 million by a private vendor. Distressed hotel assets in established European capital cities represent a specific acquisition category that attracts value-add hospitality investors and private equity real estate funds seeking below-replacement-cost entry into markets with strong underlying fundamentals. Lisbon's hotel market has demonstrated consistent RevPAR growth and sustained occupancy driven by the city's rising tourism profile.

A 120-key 4-star asset at this price reflects a significant discount to replacement cost in a city where land, construction, and planning complexity would make an equivalent new-build project both more expensive and considerably slower to deliver. The distressed status provides an acquirer with the negotiating position to impose a value-add business plan — refurbishment, rebranding, operational restructuring — and capture the upside to stabilised value.

Full financial information including trailing occupancy, ADR, RevPAR, and operating cost structure are available under NDA to qualified hospitality investors. TBA can facilitate introduction to the vendor and coordinate the transaction process.