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The start of construction was scheduled for last March, but due to the arrival of the pandemic in Portugal, it ended up being postponed, having started the works last month, involving around fifty workers.
It is the Four Points by Sheraton Matosinhos, the new aparthotel in the city, signed by the international chain Marriott and which is scheduled to end in the second half of next year.
With a construction area of 7,265 square meters, it will have 108 apartments of type T0 and T1 and will also include a restaurant, bar, terrace, gym and parking, distributed over three floors.
Located on the corner between Brito and Cunha and Sousa Aroso streets, next to Praça Guilherme Pinto, Four Points by Sheraton Matosinhos embodies an estimated investment of 20 million euros, in charge of the Canadian group Mercan, which is based in Canada and he says “with more than 30 years of experience in the areas of investment consulting, education and immigration,” he says, in a statement.
“The Mercan group chose Portugal for the development of its activities in Europe due to the security, stability and hospitality that the country offers, as well as the development opportunities in the field of urban rehabilitation”, he explains.
To Negócios, the official source of the Mercan group revealed that the entry into operation of the Four Points by Sheraton Matosinhos will generate the creation of 55 jobs.
In addition to the Matosinhos project, developed in association with the RAG group (Reference Arrojada Group), Mercan adds that it has “other hotel investments in Porto, Vila Nova de Gaia, Amarante and Évora, covering units that vary between three and five stars” .
Present in Canada, China, India, the United Arab Emirates, the United States, Vietnam and Portugal, the Mercan group “bets on real estate investment operations in the areas of tourism and health and ‘well-being'”, with “only in the United States projects for value of more than 1,500 million dollars (about 1,300 million euros), which brings together more than 800 international investors ”, he highlights.
In the case of the hotel project in Matosinhos, the investment comes from 54 international investors.
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