Portugal: Lifestyle hospitality group Ennismore and Bondstone have signed a memorandum-of-understanding (MOU). real estate investment and development firmThe first Mondrian to be found in Portugal is located in the Algarve.
Mondrian Arcaya will be located in Vilamoura, set within Bondstone’s Arcaya development – an eco-conscious residential and lifestyle destination.
Mondrian Arcaya, which is scheduled to open in 2028 will feature 120 rooms, including 30 suites of luxury, three bars and restaurants, three swimming pools, and a gym.
Phil Zrihen is the head of Americas, and COO of Mondrian. Ennismore, stated: “This is an important step for the Mondrian Brand and a proud time 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 added that it was a privilege for Bondstone to bring Mondrian to Arcaya. This partnership is a reflection of Bondstone’s commitment to creating places that are beautiful, functional, and long-lasting. 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 is a key pillar in this vision.
Highlights:
• Ennismore has signed an MOU with Bondstone to open the first Mondrian hotel 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.
