Cycas Hospitality has announced its first signing in Portugal with the introduction of Marriott International’s Autograph Collection resort-style hotel development in Sintra, the country’s renowned UNESCO cultural region near Lisbon.
This landmark project marks Cycas Hospitality’s entrance to the Iberian Peninsula, expanding the company’s presence within Southern Europe and extends the hotel management company’s operations to over 55 hotels across 13 European countries.
The new hotel is being developed as part of a joint venture between Patron Capital, the pan-European institutional investor focused on property-backed investments, and operating partner Quest Capital. The JV appointed Cycas Hospitality to manage the hotel.
Set to open in summer 2026, the unique design of the hotel comprises 15 distinct buildings, accommodating up to 260 guests across rooms, suites and villas, including a signature sea-view wedding suite. Formerly the site of Companhia União Fabril employee holiday complex, the development will retain classic design features, preserving the spirit of renowned architect, António Lino’s original vision.
Firmly rooted in the Sintra region’s unique intersection of sea, forest and land, the hotel’s wellness concept, with expansive sun terraces and landscaped gardens, outdoor and indoor pools, will offer guests a connection to the site’s restorative properties.
The hotel interiors will bring modern touches of contemporary design, blended harmoniously with old-world charm and guests will be able to enjoy a range of dining options, including a private dining space, morning terrace and destination on-site restaurant. With its combination of luxurious suites, elegant indoor and outdoor reception spaces, and panoramic views of the surrounding countryside, the property will offer a unique and romantic setting in which to celebrate weddings and special events.
Partnering with Cycas Hospitality and Marriott International on this exciting new hotel and spa reflects our shared vision to create a landmark destination in Sintra. Portugal is a key market for Patron Capital where we have been successfully investing since 2015. The country’s hospitality sector offers attractive investment opportunities and this iconic luxury hotel Cycas will operate on behalf of our JV with Quest Capital represents our first hospitality project in the country. We plan to continue to invest in Portuguese hotels as we deploy capital from Fund VII, our real estate fund that invests in transitioning properties with value-add strategies. Wiktor Lesinski, Investment Director & Partner at Patron Capital
Our vision for this development is to create a destination that showcases the beauty and spirit of Portugal, while delivering an unmatched guest experience.
Collaborating with Cycas Hospitality on this project aligns perfectly with our ambition to bring a world-class hotel to the region. Together, we are creating a truly memorable experience for our guests. Carlos Vasconcellos and Cristóbal de Castro at Quest Capital
We’re extremely pleased to bring our renowned hospitality expertise to Portugal, a country known for its vibrant culture, hospitality, and stunning landscapes. This new signing is an important milestone for Cycas Hospitality, as we continue to expand across Europe into the dynamic Iberian Peninsula region and grow our presence in this region with our partners, Marriott International. Philip Steiner, Chief Operating Officer at Cycas Hospitality
Autograph Collection’s portfolio currently features over 290 hotels globally. Each hotel is a product of passion and a personal realization of its individual founder’s vision, making each hotel singular and unique. The addition of this new singular and special property joins the Cycas portfolio of Marriott International hotels across Europe, including the 161-room flagship Autograph London Bankside hotel, and the recently opened Moxy Paris Clamart.
Autograph Collection features curated properties that celebrate individuality and we look forward to working with Patron and Cycas Hospitality to bring the brand’s distinct perspective on design and hospitality to Sintra. Portugal remains a sought-after travel destination and we continue to see demand for our renowned brands across the country. Gianleo Bosticco, Vice President – Development, Southern Europe, Marriott International
About Patron Capital
Patron represents approximately €5.2 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.Since it was established in 1999, Patron has undertaken more than 200 transactions across 110 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.Investors represent a variety of sovereign wealth funds, prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 65 people, including a 41-person investment team.Further information about Patron Capital is available at www.patroncapital.com.
About Quest Capital
Quest Capital is an investment firm with over one billion in assets under management, including 600,000 square meters of real estate and 6,000 residential units in Portugal and Spain. With more than 25 professionals across its offices in Lisbon, Porto and Madrid, Quest unlocks value in properties generating consistently high returns for its investors and shareholders. The company investment platforms include investments in: Residential developments, Private Rented Sector, Hospitality, Commercial Real Estate and Agriculture. Quest team combines extensive fiduciary experience, unparalleled knowledge in the financial and real estate sectors and full capabilities to invest and manage real estate projects with a 360 degrees approach.For more information, please visit: www.questcapital.eu.
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