- Published: December 20, 2017
The Portuguese Government has launched a programme that opens vacant public property to private investment through public tendering, aiming the renovation and use of state heritage properties throughout the country, namely through conversion into hotels.
This project is called ‘REVIVE’ and it includes 33 public properties, that can be seen in http://revive.turismodeportugal.pt/en
The model is based in concessions that can last between 30 and 50 years, depending on the building.
At the moment, it is running the public tender for the concession of a historic property in the city of Évora (Paço de Valverde Farm) allowing the right to install and explore a hotel unit (more information about this tender on http://revive.turismodeportugal.pt/en/en-quinta-valverde).