Bahia Principe Hotels & Resorts enters into hotel management

Bahia Principe Hotels & Resorts, the brand of Grupo Piñero's Hotels division, enters for the first time in hotel management with a new hotel in Cape Verde hand in hand with BFI Bank, a Cape Verdean investment project bank with extensive international experience, and one of the main players in the transformation of Cape Verde into a financial platform in the Mid-Atlantic. The hotel, with 605 rooms, will be located in Murdeira, on the island of Sal, and will be a five-star, family-friendly, themed product.

For the first time, the company has opted for a hotel management (also called Asset Light) project that allows it to focus on hotel management and operation without direct ownership of the property assets.

Specifically, the Cape Verde project will involve an investment of approximately €120 million. This destination was carefully selected for its exceptional attributes that perfectly complement the Bahia Principe Hotels & Resorts brand, thanks to its good connectivity and stability, as well as a year-round warm climate that allows you to enjoy the sun and beach. In addition, Grupo Piñero's tour operator, Soltour, has a close relationship with Cape Verde, where it has been operating for more than five years from Portugal and, for the past two years, from Spain.

Julio Perez, Chief Operating Officer (COO) of Bahia Principe Hotels & Resorts, said: "We are excited to bring our brand to the island of Sal in Cape Verde, a destination that aligns perfectly with our values and quality standards. This project is a strategic step in our global expansion."

The project, which is expected to open in 2027, will have a positive impact on the local Cape Verdean community through the creation of 500 direct jobs and development opportunities.

In short, this project marks a milestone in the history of Bahia Principe Hotels & Resorts, not only because it is its first hotel management project, but also because it will allow it to enter Africa for the first time, adding to the 24 hotels that the brand currently has in Spain, the Dominican Republic, Mexico and Jamaica.