Amsterdam, June 1, 2023 – City ID is continuing its international roll out. The transformation of a historic palace into an apartment hotel in the center of Lisbon is set to become City ID’s sixth location and one of its flagship properties.
“After our locations in Amsterdam, London and Dublin, City ID is expanding into Southern Europe with this great acquisition in Lisbon. We will maintain and respect the heritage and features of the fantastic historic building, whilst creating a future proof and sustainable structure. We are thrilled with this new milestone for our international roll out and we are looking forward to the realization and opening of this location,” said Alexander Goad, CEO at City ID.
The Portuguese capital offers everything City ID could wish for. An incredible city with its historic heritage, a broad cultural offering and amazing cuisine complemented with its great beaches and lush nature. The city enjoys strong development and growth through its high quality of life, domestic and expat influx, growing tourist industry and strengthening reputation as a tech hub.
The 16th Century Baronesa is located in Largo Conde-Barao, one of the city’s most up-coming areas and a short walk from Bairro Alto and the historic Baixa waterfront. Key venues such as Time Out Market and Principe Real’s nightlife district are in the immediate vicinity as are some of Lisbon’s coolest independent shops, restaurants and bars. The location will be renovated paying homage to its elaborate historic relevance and its surroundings, whilst creating a sustainable BREEAM classified building.
City ID’s first Portuguese apartment hotel will offer 88 comfortable guestroom apartments ranging from studios to larger suites. The apartments will feature fully equipped kitchens and living spaces, perfect for any length of stay. The hotel jewel will be the central interior garden featuring a full-length swimming pool together with an open-plan restaurant. Additional amenities include a signature wellness area and communal co-working spaces.
City ID has been supported in the acquisition process by Morais Leitao, EY, Colliers and Alpha Link. CBRE represented the seller.
