Please read the original article here provided by Gazeta das Caldas. This blog post gives some insight into the previous owner’s structure.
Summary:
The Onebiz Group, based in Matosinhos, has acquired the tourist operation of Bom Sucesso houses and golf from Sociedade BS Villas for 63,500 euros. The group aims to relaunch the Bom Sucesso development, positioning it as a contemporary destination with increased integration with the West region. The strategy includes a focus on strategic products such as golf, water sports, gastronomy, and heritage. Onebiz has already launched a new brand for golf and villas, reworked marketing, and enhanced tourism offerings. Currently, Bom Sucesso has over 100 houses in tourist operation, with plans to make 200 available by the end of the year. The group emphasizes sustainability, with an investment forecast of around 250 thousand euros. Despite initial focus on real estate, the group aims to promote tourism, with good acceptance from the national market. The Clubhouse and restaurant are operational, and the project also includes a cultural initiative called CAL (Culture, Art, and Literature). Bom Sucesso, currently under the direction of Pedro Portugal, anticipates a transition year in 2015, with a solid foundation for a significant relaunch in the following year. The group aims to complete the project within two to three years, considering it a formidable undertaking.
Please read the full article at Publico, published September 29, 2014
Summary:
The Bom Sucesso Design Resort, Leisure & Golf, once hailed as one of Europe’s finest tourist developments, is currently facing insolvency. Originating as a PIN project during the Sócrates government, the 150-hectare luxury development near Óbidos lagoon transformed into a high-quality, internationally acclaimed project, anchored by a golf course and a proposed five-star Hilton hotel. However, the resort is now bankrupt, grappling with a complex shareholder structure and significant debt.
The project’s financial troubles stem from the housing market contraction during the economic crisis, leading to a plunge in home sales. The fall of BES, the primary financier, further accelerated the resort’s financial decline. The shareholder structure involves a closed-end real estate fund, Concordo Óbidos SA, Bom Sucesso SGPS, and other entities, all facing insolvency.
Despite bankruptcy, efforts are being made to salvage the golf course, seen as crucial for maintaining the real estate value of the luxury homes surrounding it. The completion of the Hilton hotel, currently suspended, could provide a significant boost to the project.
Various entities, including Portugal Ventures and the Graça Moura family, are creditors seeking to recover investments. The Hilton Worldwide chain remains committed to expanding its presence in Portugal, but the completion of the Hilton Bom Sucesso Óbidos Resort is uncertain.
While the resort still presents a high-quality appearance, with security measures in place, a closer inspection reveals areas of halted construction and abandoned shipyards. The project’s completion is no longer the primary concern; instead, the focus is on saving the resort. The financial future of the Bom Sucesso resort remains uncertain, and the challenges faced by creditors and investors are intricate and multifaceted.
Please read full article of Gazeta Das Caldas from 20th April 2014 here.
Summary:
The Bom Sucesso Design Resort in Óbidos faces financial challenges, with dozens of house owners demanding payment of approximately one million euros related to the tourist exploitation contract. President of the resort’s board of directors, Paulo Graça Moura, acknowledges the debt and aims to propose an agreement ensuring payments to customers, contractors, and banks. The resort operates under two contracts: Vacations and Hotelier, with criticism mainly directed towards the Hotelier system, where owners use their houses for six weeks a year. Despite attempts to regularize the situation, some owners report unpaid returns and problems with construction and maintenance. However, the resort’s debts do not hinder the opening of the Hilton Hotel, as the company responsible for its implementation has no outstanding debts. Bom Sucesso remains optimistic about the hotel’s opening, seeing it as a potential catalyst for the resort’s growth despite challenges in the real estate market.
The Hilton Bom Sucesso, a five-star hotel in Óbidos, scheduled to open in the first half of 2012, is already under construction. Classified as a Project of National Interest (PIN), it will feature 120 rooms overlooking the Bom Sucesso golf course, with architecture by renowned Portuguese architect Souto Moura. With an investment of 27 million euros, the hotel will offer various amenities including meeting spaces, a business center, Spa facilities, swimming pools, restaurants, and bars.
Please read original article of Gazeta das Caldas from 17.10.2010 here.
Summary:
The company behind the construction of the “Hilton Bom Sucesso, Óbidos” hotel in the Bom Sucesso Design Resort will receive a €13.6 million incentive for the project. This five-star hotel, estimated to cost €27 million, is expected to open within two years. Paulo Graça Moura, the administrator of BS – Acttividades Hoteleiras e Turismo, emphasizes that this incentive is crucial for the project’s implementation and will significantly reduce the financial burden in the initial years. Designed by architect Eduardo Souto Moura, the hotel will feature 120 rooms, extensive garden areas, and a saltwater swimming pool, offering a panoramic view of the golf course and the lagoon. The project includes two main sections housing bedrooms, a spa, restaurants, and congress facilities.
The restaurants and businesses are not operating anymore!
Viva Maria opened in the Bom Sucesso (Tennis Club House) development
Please read original article from Gazeta Das Caldas from 2nd July 2010 here.
Summary:
The Bom Sucesso Design Resort introduces “Viva Maria,” a refined restaurant named after the 60s classic film starring Brigitte Bardot. Open daily, it offers a light lunch menu in a relaxed atmosphere and sophisticated dining experiences in the evening. Managed by Maria Mariana Palma and two other entrepreneurs, the restaurant focuses on Mediterranean cuisine with a fusion twist, emphasizing top-quality ingredients and unique flavors. With an initial investment of around €200,000, the restaurant features indoor and outdoor seating, including a patio called “Pátio das Lanternas,” with views of the kitchen. Designed by architects Nuno Graça Moura and Luísa Rosas, the building blends seamlessly into the landscape, providing a picturesque setting for guests to enjoy their meals.
First gourmet supermarket has opened in Bom Sucesso
Please read original article from Gazeta Das Caldas from 10th Augist 2010 here.
The first gourmet supermarket of its brand in Portugal, named Friends, has opened in Bom Sucesso Design Resort. Located at the main entrance in a building designed by architect Siza Vieira, the 300-square-meter establishment prioritizes diversity and quality products. Offering personalized assistance during purchases, Friends aims to create a customer-centric environment.
Maze Restaurant reinforces hotel offer in Bom Sucesso
Please read original article from Gazeta Das Caldas from 5th November 2010 here.
Summary:
The introduction of Maze Restaurant enhances the hospitality offerings at Bom Sucesso Design Resort. Led by former police officer Jonathan Winfield, Maze Restaurant adds a unique dimension to the resort experience. Accessing the restaurant involves navigating through a controlled entrance at the resort, reminiscent of a labyrinth, and descending through a terrace to reach the restaurant’s patio entrance, similar to Viva Maria restaurant nearby.
The Light design is special of this place and documented on the designers webpage here.
Other Things Gallery and Culture at Bom Sucesso
Please read orignal article of Gazeta Das Caldas from 21st of January 2012 here.
Other Things, a new company in Bom Sucesso Resort, aims to promote contemporary art and culture. Located in the resort’s commercial area, it features a gallery showcasing works by young artists like Liliana Alves and Santos Pessoa. The company also offers workshops in painting, sculpture, and video, both within the resort and in the wider region. Owner Sofia Figueiredo, supported by creative Jorge Reis, aims to make art more accessible to the public. The project has received positive feedback and plans to expand partnerships with local artists and the Óbidos City Council. Workshops covering contemporary design, painting, and jewelry making are already underway, with more planned for the future. The project received initial funding through the FiniciaOeste program, facilitated by IAPMEI.
Pharmacy at Bom Sucesso resort
Residents of Bom Sucesso Resort reported that a pharmacy was open for 1 year about 10 years ago in the commercial area. Which exact year it is unclear.
In Óbidos, Portugal, the Silver Coast is experiencing significant development after years of planning. Bom Sucesso, a 200-hectare modernist “design resort,” recently opened an 18-hole golf course and features villas designed by 23 architects. The development will eventually include over 850 residential units, a hotel, and a spa. Additionally, two other master-planned projects, Royal Óbidos Spa & Golf Resort and Quintas de Óbidos Country Club, are underway, adding 700 homes to the area. These developments are concentrated around the medieval walled city of Óbidos, a popular tourist destination, and are set to be completed within the next three years.
Please read original article from October 9, 2007 here.
Summary:
Acordo SGPS, the developer of Bom Sucesso Design Resort Leisure & Spa in Óbidos, has sold €50 million worth of units, with around 140 of the 500 sold so far going to English buyers. To strengthen its presence in this key market, the company has opened an office in central London to provide direct support to new and existing clients.
The project, featuring Portuguese architecture and technology, represents a €390 million investment and includes 1,072 units across three phases. The second phase, consisting of 250 units, will begin sales in February. Gonçalo Castelo Branco, Acordo’s director, estimates that the development will generate €45 million in tourism revenue upon completion.
See orignal article from Evening Standard Homes & Property 20th April 2005 here.
The article, titled “Portugal’s Shore Thing”, highlights Bom Sucesso, a new luxury development on Portugal’s Silver Coast near Óbidos, designed by some of Europe’s top architects. It describes the following key points:
1. Location and Vision:
Bom Sucesso is located six miles from Óbidos, a historic town near Lisbon. The project spans 160 hectares and aims to blend world-class contemporary architecture with the natural beauty of the area.
2. Unique Architectural Concept:
Fourteen renowned Portuguese architects, including Álvaro Siza Vieira and Eduardo Souto de Moura, were invited to design homes. Each property is unique, with a focus on individuality, simplicity, and harmony with the landscape.
3. Property Features:
• The project includes villas and townhouses with private or shared pools, gardens, and communal spaces.
• Prices range from €170,000 for townhouses to €1.1 million for luxury villas.
4. Development Amenities:
Planned amenities include a golf course, tennis courts, a spa, restaurants, and a hotel. The goal is to create a modern lifestyle destination.
5. Market Potential:
• Bom Sucesso is positioned as a high-end investment opportunity with demand from Portuguese and international buyers.
• Its developers aim to make it a landmark of modern architectural design in Europe.
The article emphasizes the project’s exclusivity, blending of tradition and modernity, and its potential to attract affluent buyers looking for unique, luxury homes in a scenic and culturally rich area.
Portugal best Architects are reviving the Bauhaus spirit on the cost. see article from Bricks and Mortar 15th of March 2005 here.
The article, titled “Here Comes the White”, highlights Bom Sucesso Resort as an architectural project reviving Bauhaus-inspired modernist design on Portugal’s Atlantic coast. Here are the key points:
1. Architectural Focus:
• Bom Sucesso features contributions from Portugal’s top architects, blending modernist aesthetics with functionality. The designs emphasize simplicity, clean lines, and harmony with the environment.
• Álvaro Siza Vieira and other prominent architects are among the designers, offering unique and diverse house styles.
2. Development Details:
• The resort spans 160 hectares near Óbidos, providing 601,000 square meters of urbanizable space.
• Properties include individual villas, townhouses, and shared community spaces. Prices range from €315,000 for a townhouse to over €1 million for villas.
3. Lifestyle and Amenities:
• Planned amenities include golf courses, pools, tennis courts, and leisure facilities, designed to create a luxury lifestyle experience.
• The development aims to combine modern architecture with high-end living, catering to both full-time residents and vacationers.
4. Bauhaus Influence:
• The project draws inspiration from Bauhaus principles, focusing on functional, timeless designs that prioritize quality and spatial harmony.
• The article emphasizes how this design approach revives and modernizes architectural traditions.
5. Market Position:
• Bom Sucesso is marketed as a high-end development for discerning buyers seeking unique architectural properties in a picturesque coastal setting.
The article celebrates Bom Sucesso as a modern architectural showcase, blending contemporary design with a luxurious coastal lifestyle.
