We are seeking a 4-star hotel opportunity with a minimum of 70 keys, located exclusively in Lisbon, Porto, or the Algarve. Target budget is €8M–€20M, with interest in distressed situations, motivated sellers, or assets offering conversion or repositioning potential. Relevant opportunities should include clear detail on location, existing or achievable licensing, current condition, key count, and pricing. We are well-capitalised and positioned to move decisively on a suitable transaction.