An off-market opportunity to acquire a fully operational 4-star hotel in a prime central Lisbon location. The hotel trades strongly, supported by an established corporate client base and long-standing corporate agreements that drive consistently high occupancy. Operating 4-star hotel with 160+ keys, trading today Central, well-connected location in a core business area Recent internal renovation completed throughout Proven corporate demand supported by existing contracts Clear route to luxury repositioning The Repositioning Angle A new rooftop lifestyle concept is planned for completion in 2027. It is designed to lift the guest experience and market appeal, and to support the move to a more premium offering. The Opportunity This is an established operating business with proven demand and clear value-creation upside. It suits hospitality investors who want income from day one alongside a repositioning play.