Quinta do Lorde to be sold for €54m

Entire Caniçal development up for sale for a minimum of €54 million

The Diario reports online that insolvency administrator of Quinta do Lorde Resort Hotel today put the entire Caniçal development up for sale for a minimum of €54 million. Those interested in the purchase have until January 16 next year to submit a closed tender/proposal – I am sure a lot of the blog readers have a spare €54m to spend!

According to the announcement of this procedure, which occupies a page of the newspaper Público, the object for sale consists of the building of the venture, 155 fractions (tourist houses), the right to grant the marina for 75 years, among other goods.

Four years ago, at the beginning of the insolvency proceedings, €114 million was claimed by 90 creditors.

Replication is an even more sincere form of flattery

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