The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.10 - Hotels and similar accommodation
100 jobs Number of planned job creations
Announcement Date
16 February 2016
Employment effect (start)
1 March 2016
Foreseen end date
30 June 2016
Description
The Macdonald Hotels & Resorts group will open a new hotel in Algarve. The opening is planned for the end of June 2016. The investment will create between 100 and 150 job. This project has the participation of different organisations: Discovery Portugal Real Estate Fund; Revitalizar Sul Fund, Millennium BCP (financial support) and Turismo de Portugal.
The Macdonald Hotels & Resorts group holds and manage 45 hotels and 10 resorts in UK, Ireland, Spain and Portugal.
Sources
16 February 2016: Económico
Citation
Eurofound (2016), McDonalds Resort & Spa, Business expansion in Portugal, factsheet number 86519, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86519.
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