Lisbon, 13 July 2023
Amsterdam, July 13th 2023 – Multi Corporation, a leading European retail management and development company, has won the technical property management mandate for a hotel complex in Lisbon managed under the DoubleTree by Hilton brand and owned by a real estate fund of Commerz Real, the asset and investment manager of German Commerzbank.
Located in the central business district of Lisbon, the complex incorporates the four-star hotel DoubleTree by Hilton, which was constructed in 1910 and substantially refurbished in 2008. The seven-story hotel offers 146 rooms, 45 car parking spaces, conference area, two restaurants, bar, and fitness zone.
The DoubleTree by Hilton in Lisbon marks the third hotel under the management of Multi Corporation in Iberia. The first addition to the portfolio was Hotel do Chiado in Lisbon, offering 38 rooms. The second addition was the brand new Zleep Hotel Airport in Madrid, providing 281 rooms, which opened its doors in 2022.
Joao Cruz, Managing Director of Multi Portugal & Spain, expressed excitement about the recent appointment, stating, “We are thrilled to expand our portfolio with the property management of the DoubleTree by Hilton hotel in Lisbon. This presents an opportunity for Multi Corporation to offer a hospitality experience in Lisbon’s central business district. We are committed to delivering outstanding service and creating experiences for our guests.”