PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/62 - Trilhágrande / Sabersal
Acquiring
Extendam, S.A.
Description
A French private equity firm with operations in several European countries, including Portugal, focusing on the hotel sector, particularly the hotel accommodation market. Its hotels are managed under several prestigious international brands through agreements with the respective brand owners.
Acquiring
HCI DOURO UK HOLDINGS LIMITED
Description
It is part of the Highgate Hotels LLP group, which is primarily dedicated to investment and asset management in the hotel sector, managing hotels under various prestigious international brands. In Portugal, the Highgate group operates through HGP, Lda., which operates in the luxury hotel sector, particularly through the provision of hotel management consulting services, as well as related activities. HGP, Lda. manages 13 hotels in Portugal, including the Hilton Porto Gaia.
Acquired
Sabersal - Promoção Turística e Imobiliária, S.A.
Description
It is dedicated to the operation of the Hilton Porto Gaia Hotel, which it owns.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description

The concentration operation consists of the acquisition, by TrilháGrande, Unipessoal, Lda., a holding company controlled by Extendam Société Anonyme (“Extendam”) and HCI Douro UK Holdings Limited (“HCI”), of 100% of the share capital of Sabersal – Promoção Turística e Imobiliária, S.A. (“Sabersal”), which operates the Hilton Porto Gaia hotel, located at Rua de Serpa Pinto 124, 4400-307 Vila Nova de Gaia, Portugal.
Timeline
2025-09-10
The AdC issued a decision of non-applicability to the merger 62/2025 - Trilhágrande / Sabersal.
2025-08-07
Extendam and HCI Douro notify the acquisition of joint control over Sabersal.
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