The Carlyle Group – Acquisition of hotel resort in Portugal

The Washington DC-based real estate investment manager, The Carlyle Group, and its joint venture partner the Lisbon-based private equity firm, Explorer Investments, have acquired the Penha Longa Hotel & Golf Resort in Lisbon, from Deustche Bank’s AM division for €100 million. The luxury hotel resort offers 194 rooms, alongside a spa and a wellness center and more than 3,000m² conference and meeting facilities.