RCP Finance Arranges Construction Financing with Novo Banco for Fogo Ecolodge in the Azores
🏖 RCP Finance has secured a €20 million senior construction loan from Novo Banco for the Fogo Ecolodge, opening in 2027 in São Miguel, Azores. The 42-unit, 86-bed, 3,480 m² 4-star ecolodge will feature a spa and restaurant. This initiative supports the Azores' sustainable tourism goals as a UNESCO Global Geopark, with EU subsidies under Construir 2030. The project reflects investor confidence and aims to enhance eco-friendly hospitality in the region.
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