Long-term stewards
of beautiful, income-producing hotels.
Avalon Partners acquires and quietly improves boutique hotels, villas, guesthouses and heritage estates in Portugal, with a simple rule: we only buy what we would be proud to own forever.
About Avalon Partners
A small, hands-on team focused on one thing: acquiring and improving exceptional hospitality properties that can be held for decades.
Avalon Partners is a privately backed group with experience repositioning hospitality and residential assets. We prefer to work quietly, choose carefully, and stay with the assets we buy.
Instead of chasing rapid deployment, we commit to a small number of high-quality acquisitions where thoughtful design, operational upgrades and intelligent use of space can materially lift both guest experience and cashflow.
We maintain personal relationships with institutional capital partners in California for later-stage growth, but our first priority is simple: close the right first deals in Portugal and operate them well.
What We Look For
Location: 15–30 minutes from major hubs such as Lisbon, Sintra, Tomar, Coimbra, Évora or Viseu.
Character: Historic fabric, landscape, gardens or architecture that cannot be replicated.
Condition: Structurally sound, operating or near-operating; only light-to-medium renovation required.
Space potential: Underused wings, cellars, garages or owners’ quarters that can become rooms, suites or wellness / event space.
Portugal Acquisition Criteria · 2025
This brief is designed to make it easy for brokers and owners to see, at a glance, which properties are most likely to be a fit for Avalon Partners.
| Category | Target Specification – Portugal |
|---|---|
| Asset Type | Boutique hotels, historic villas, guesthouses, agriturismos and small heritage estates with hospitality use. |
| Location | “Halo zones” 15–30 minutes from Lisbon, Sintra, Tomar, Coimbra, Évora, Viseu or similar hubs, with stable year-round demand. |
| Deal Size | €1 – 5 million total project cost (acquisition plus light-to-medium renovation). |
| Rooms | 10 – 40 existing keys, with optional 20–40% additional keys achievable through space optimization and adaptive reuse. |
| Built Area | Typically 800 – 1 600 m², roughly 35 – 60 m² of built area per key. Higher ratios often indicate underused volume we can convert intelligently. |
| Condition | Structurally sound, operating or near-operating; we focus on design, layout and service upgrades rather than heavy construction. |
| Financial Targets | Year-2 yield ≥ 7%; stabilized cap rate 8–10%; 5–7 year IRR 12–15%, with long-term hold rather than speculative flipping. |
| Hold Period | Long-term, “forever hold” mindset. We buy assets we expect to own and be proud of decades from now. |
Introduce a Property
For quick review, please share location, asking price, number of rooms, built area, condition, photos or link, and if available, recent ADR and occupancy.
Why work with Avalon Partners
Real buyers: private capital in place; serious about closing the right deals.
Quick, thoughtful feedback: we respect your time and respond to every serious introduction.
Relationship-oriented: we protect broker introductions and aim for repeat business, not one-off wins.
Stewardship mindset: we improve and hold assets rather than flipping them, which communities and owners often prefer.