Portugal: Lifestyle hospitality group Ennismore has signed a memorandum of understanding (MOU) with Bondstone, a real estate investment and development firm, for the first Mondrian in Portugal located in the Algarve.
Mondrian Arcaya will be located in Vilamoura, set within Bondstone’s Arcaya development – an eco-conscious residential and lifestyle destination.
Scheduled to open in 2028, Mondrian Arcaya will offer 120 rooms including 30 luxury suites, three restaurants and bars, three pools, and a fitness centre.
Phil Zrihen, head of Americas and brand COO for Mondrian at Ennismore, said: “This is a major step forward for the Mondrian brand and a proud moment for Ennismore. Portugal, and the Algarve in particular, offers the ideal setting for our first property in the country thanks to its rich culture, stunning landscape, and a globally sought-after lifestyle. Together with Bondstone, we’re creating something that will resonate with both international travellers and the local community.”
Paulo Loureiro, CEO of Bondstone, added: “It is a privilege to bring the Mondrian brand to Arcaya. This partnership reflects Bondstone’s mission to develop places that combine beauty, purpose, and longevity. Arcaya will be a living, breathing community—open year-round, rooted in nature, and designed for a new generation seeking inspiration, wellbeing, and meaningful connection. Mondrian will be a central pillar of this vision.”
Highlights:
• Ennismore has signed an MOU with Bondstone to open the first Mondrian hotel in Portugal.
• Mondrian Arcaya will open in 2028 in Vilamoura as part of the eco-focused Arcaya development created by Bondstone.
• The hotel will feature 120 rooms, including 30 suites, alongside restaurants, pools, and a fitness centre.
