Falésia d’El Rey (Béltico)

On the 3rd Congress of the Oeste Region, that took place in Alcobaça in the beginning of May, were presented the new projects for the region estimated in three thousand million euros, including Falésia d’El Rey.

The project Falésia d’El Rey was presented as having “two 5-star hotels, 480 homes, a golf course and other recreation facilities”. The Portuguese Investment Agency (API) considered this project as a “Project of National Interest” (PIN).

The combine project of Béltico Group (UK) and Crissier Group (Brazil) will cost about 400 million euros (70% and 30% respectively).
José Pampolim, vice-president of Béltico group, said recently in a newspaper interview that “Béltico is going to built more properties in Praia d’El Rey until reaching 1.500 units. (…) At Falésia d’El Rey, one hotel might be Marriott’s JW and the other will be a charm hotel, smaller than the first. (…) 75% of the PDR units are sold, the gross part to foreigners. English, Irish and Nordics are the main customers. Some of them got retired and came to live here. Portuguese people use the houses on weekends.”