{"id":1004289434,"date":"2019-01-04T08:31:21","date_gmt":"2019-01-04T16:31:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004289434"},"modified":"2022-12-08T04:46:28","modified_gmt":"2022-12-08T12:46:28","slug":"carlyle-group-explorer-investments-acquire-portuguese-resort","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/","title":{"rendered":"Carlyle Group, Explorer Investments Acquire Portuguese Resort"},"content":{"rendered":"<p>By Holly Dutton<\/p>\n<div id=\"attachment_1004289440\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004289440\" data-attachment-id=\"1004289440\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/penha-longa-resort\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\" data-orig-size=\"768,576\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Penha Longa Resort\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Penha Longa Resort&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg?w=768\" class=\"wp-image-1004289440 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004289440\" class=\"wp-caption-text\">Penha Longa Resort<\/p><\/div>\n<p>A joint venture of the Carlyle Group and Explorer Investments has acquired the Penha Longa Hotel &amp; Golf Resort in Sintra, Portugal, from Deutsche Bank. The property includes a 194-key hotel, golf course, spa and wellness center, as well as conference and meeting facilities. Terms of the deal were not disclosed.<\/p>\n<p>The resort will continue to be managed by Ritz-Carlton, a Marriot Group company, which has operated the resort since December 2003. In addition to the hotel and golf course, the property became the first hotel in Portugal to have two Michelin-star restaurants last year.<\/p>\n<p>Penha Longa Resort is located in the Sintra-Cascais Natural Park, about 15 miles from Lisbon. The resort first opened in 1993 and underwent a $25 million renovation in 2005. CBRE advised the joint venture in the acquisition.<\/p>\n<p><em>\u201cPenha Longa is one of the best-known and most-established hotels in Portugal, and the hospitality sector in the country is experiencing a strong demand from both leisure and corporate travelers,\u201d <\/em>said Peter Stoll, managing director for Carlyle European Realty advisory team, in prepared remarks. <em>\u201cWe are excited to be partnering with Explorer Investments to develop the full potential of the resort.\u201d<\/em><\/p>\n<p>In October, the Carlyle Group sold one of its hotel assets in Los Angeles, The Doubletree by Hilton Hotel Los Angeles\u2014Westside, to <a href=\"https:\/\/www.commercialsearch.com\/news\/woodbine-legacy-investments-pays-152m-for-la-hilton-hotel\/\">Woodbine Legacy Investments for $152 million<\/a>.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The joint venture purchased the 194-key Penha Longa Hotel &amp; Golf Resort in Sintra, Portugal. A CBRE team advised the buyers in the transaction.<\/p>\n","protected":false},"author":745,"featured_media":1004289440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,16,21783,21742],"tags":[32789,32791,43574,36109],"class_list":["post-1004289434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-international","category-investment","category-latest","tag-cbre","tag-deutsche-bank","tag-explorer-investments","tag-the-carlyle-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carlyle Group, Explorer Investments Acquire Portuguese Resort - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carlyle Group, Explorer Investments Acquire Portuguese Resort\" \/>\n<meta property=\"og:description\" content=\"The joint venture purchased the 194-key Penha Longa Hotel &amp; Golf Resort in Sintra, Portugal. A CBRE team advised the buyers in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-04T16:31:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T12:46:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/\",\"name\":\"Carlyle Group, Explorer Investments Acquire Portuguese Resort - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\",\"datePublished\":\"2019-01-04T16:31:21+00:00\",\"dateModified\":\"2022-12-08T12:46:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Penha-Longa-Resort-e1546553053959.jpg\",\"width\":768,\"height\":576,\"caption\":\"Penha Longa Resort\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carlyle-group-explorer-investments-acquire-portuguese-resort\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Carlyle Group, Explorer Investments Acquire Portuguese Resort\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. 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