EMCC European Monitoring Centre on Change

McDonalds Resort & Spa

Company/Organisation:
McDonalds Resort & Spa

Geographic Location

Country: Portugal
Region: Algarve; Algarve; Continente
Location of affected unit(s): Monchique

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.10 - Hotels and similar accommodation

Employment Effects

Announcement Date: 16-02-2016
Type of Restructuring: Business expansion
Employment Effect Start: 01-03-2016
Foreseen End Date: 30-06-2016
Planned Job Creation: 100

Additional Information

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.