Sonae's SC Hospitality Pours €50 Million Into Eight New The Editory Hotels — First Açores Property, Two Each in Madeira, Lisboa and the Algarve, Plus a €5 Million Renovation Tape, on a Plan To Triple the Portfolio to 30 Hotels by 2031
SC Hospitality CEO Gonçalo Bernardes told Diário de Notícias the Sonae hospitality unit is putting €50M into eight new The Editory hotels — including its first Açores property — plus a €5M renovation tape, on a plan to lift the portfolio from 12 to 30 hotels by 2031.