The Digester
finance

LVMH-linked investor group acquires Penha Longa Resort in Sintra

A joint venture led by L Catterton and Cedar Capital has acquired the Penha Longa Resort in Sintra from Carlyle, reinforcing LVMH's expansion into luxury hotels while the transaction price remains undisclosed.

Mar 31st 2026 · Portugal

Insights

  • A joint venture of L Catterton, backed by LVMH, and Cedar Capital Partners bought Penha Longa from Carlyle, with the sale price undisclosed and market estimates near €140 million.
  • The resort, operated by Ritz-Carlton, has more than 200 rooms, Michelin-star restaurants, extensive sports facilities, and hosts international events such as a European Central Bank forum.
  • The purchase supports LVMH's wider luxury hotel strategy alongside Cheval Blanc, the 2019 Belmond acquisition, and Bulgari Hotels.
  • The buyer joint venture aims to build a selective portfolio of 10 to 15 iconic hotel assets across Europe and North America.
  • Sintra draws over 3 million visitors a year, overnight stays are growing at double-digit rates, and the town has limited high-end hotel supply.

Sources