Covivio Acquires MEININGER Hotel in Porto for 31.6 Million Euros
Covivio has signed an agreement to acquire a three-star hotel with 228 rooms from Eiffage Immobilier in Porto, Portugal. The property will be operated by MEININGER under a firm 20-year lease.
The hotel, located in the Bonfim district, will cover an area of approximately 9,150 m². It will be situated near the Campanhã multimodal terminal, providing connections to trains, metro, buses, and the future high-speed train.
Construction and Environmental Standards
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Construction work will begin in the first quarter of 2026, with an opening scheduled for the second half of 2028. The facility aims to achieve BREEAM Very Good and LCBI Standard environmental certifications.
Expansion of a Fruitful Partnership
This acquisition follows the purchase in July 2025 of the B&B Porto Centro Massarelos hotel, also developed with Eiffage. The partnership between Covivio and MEININGER, which began in 2014, will include four establishments in Paris, Lyon, Porto, and Munich following the delivery of this hotel.
Covivio confirme son objectif de résultat net récurrent (EPRA Earnings ajusté) par action 2026, en hausse d'environ +4 %
Risks mentioned
Hausse des taux d'intérêt impactant le coût du financement
Incertitudes politiques affectant les marchés d'investissement immobilier
Liquidité limitée sur les marchés de l'investissement immobilier
Opportunities identified
Accélération de la croissance des revenus à périmètre constant à +2,7 %
Pipeline de redéveloppement hôtelier de 12 projets représentant 138 M€ de capex avec rendement moyen attendu de 13 %
Signature de contrats de gestion hôteliers avec Generator et IHG pour transformations bureaux-hôtels
Outlook / guidance
Management commentary: Covivio continues to confirm its 2026 guidance of around 4% growth in recurring net result (adjusted EPRA Earnings) per share.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
