OCRAM Hotel Management Invests €7.2 Million in a 4-Star Hotel in Melgaço

22 December 2020 – Work has already begun on the new “Grande Hotel do Peso”, located in the thermal spa town of Peso, a short distance from Melgaço, in an investment of 7.2 million euros by the Luso-French company OCRAM Hotel Management. Turismo de Portugal is financing the investment after the two groups signed a contract last week.

OCRAM will redevelop the former hotel Águas do Peso, which was well-known after its inauguration in 1901, though it has since fallen into disrepair.  The former hotel is located right on the northern border with Spain and was abandoned decades ago.

The new four-star Grande Hotel do Peso is scheduled to reopen in 2022 and will have 74 rooms/suites, a swimming pool, a restaurant and all the facilities associated with a unit of this category.

Original Story: Diário Imobiliário

Translation/Summary: Richard Turner