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The insolvency administrator of Quinta do Lorde Resort Hotel today put the entire Caniçal development up for sale for a minimum of € 54 million. Those interested in the purchase have until January 16 to submit a closed letter proposal, which should be sent to Emanuel Gamelas’s office in Alfragide.

According to the announcement of this procedure, which occupies a page of the newspaper Público, the object for sale consists of the building of the venture, 155 fractions (tourist houses), the right to grant the marina for 75 years, among other goods.

Four years ago, at the beginning of the insolvency proceedings, 114 million euros were claimed.