Eiffage Immobilier launches a new hotel project in Porto: the development of a 228-room MEININGER hotel. Carried out in partnership with the German hotel group MEININGER and European real estate operator, Covivio, this project is part of the group’s European development strategy and strengthens its positioning in the hotel sector, as well as its long-term commitment to the Portuguese market. The transaction is being carried out as part of a sale before completion.
Hotel development in the heart of the Bonfim district
Work on the property will begin in the first quarter of 2026. The 3-star hotel will cover a surface area of approximately 9,150 m2 across 2 buildings separated by a central garden, and will include 228 rooms for a total of 834 beds.
Located in the Bonfim district, which is undergoing rapid urban transformation, the hotel is part of a development initiative that includes new hotels and the conversion of a former shopping centre into an office building. The property benefits from its close proximity to the Campanhã multimodal terminal, which provides connections to the rail, metro and bus networks, as well as direct access to the airport. This will be further enhanced in the coming years with the arrival of the Vigo - Lisbon high-speed rail line.
A programme featuring environmental objectives
The project is aiming for BREEAM Very Good certification, as well as—for the first time in Portugal—LCBI Standard certification. This new programme is also aligned with EU Green Taxonomy (baseline December 2024). It features design and construction principles aimed at reducing the building's carbon footprint and environmental performance.
Strengthened presence in a dynamic hotel market
This development dovetails into the current growth momentum of the Portuguese hotel market. Porto, voted “Europe’s Leading Seaside Metropolitan Destination” in 2024, has significant tourist appeal, as evidenced by an increase in the number of visitors and overnight stays. Against this dynamic backdrop, Eiffage Immobilier is continuing to develop its hotel activities in Porto—which started with the inauguration of its first hotel in the city in July 2025—by providing support to tourism stakeholders and local authorities for hotel development projects integrated into local urban initiatives.
Construction schedule:
- January 2026: start of demolition work
- Second half 2028: project delivery and hotel opening
Project stakeholders:
- Hotel operator: MEININGER Hotels
- Investor: Covivio
- Principal Contractor: MA.TERIA.ARCH
- Project Management: Alphalink