The Mondrian Arcaya and will be the first Mondrian hotel in Portugal. The project is considered to be an "emblematic project" that will be integrated into Arcaya, a Bondstone development in Vilamoura, Algarve.

The memorandum of understanding for the development of the property has already been signed, according to a statement from Bondstone, a private equity firm specializing in the development and management of real estate assets in Portugal, and Ennismore, a lifestyle hotel company that merged with Accor in 2021, and reported by idealista.

Scheduled to open in 2028, the Mondrian Arcaya will have 120 rooms, including 30 luxury suites, and will offer a "bold and immersive hospitality experience that combines excellent design, vibrant social spaces, and a deep connection with the surrounding culture and natural heritage," the statement said.

"At the heart of the hotel, three restaurants and bars will bring to life a modern and sophisticated culinary offering, including a restaurant and lobby bar with all-day service, a poolside bar, and a rooftop restaurant overlooking the ocean, with menus that promise to surprise and challenge the senses," the two companies said.

The Mondrian Arcaya will also feature, among other amenities, a state-of-the-art fitness center and three swimming pools designed to provide moments of pure relaxation in carefully designed environments.

"The Mondrian's debut in Portugal thus reinforces the Algarve's position as one of the top European destinations for design and lifestyle," the statement said.

Quoted in the document, Phil Zrihen, Head of Americas and Brand COO for Mondrian at Ennismore, says that "Portugal, and the Algarve in particular, offers the ideal setting for [the brand's] first project in the country, thanks to its cultural richness, stunning landscapes, and a lifestyle increasingly sought after globally." "Together with Bondstone, we are creating something that will have an impact on both international travellers and the local community," he adds.

On Bondstone's side, Paulo Loureiro considers it "a privilege to bring the Mondrian brand to Arcaya." "This partnership reflects Bondstone's mission: to create places that combine beauty, purpose, and longevity. Arcaya will be a vibrant community, open year-round, in harmony with nature, and designed for a new generation seeking inspiration, well-being, and connections with true meaning. Mondrian will be a central pillar of this vision".