RCP Finance Arranges Construction Financing with Novo Banco for Fogo Ecolodge in the Azores1

RCP Finance is pleased to announce the successful arrangement of a senior construction loan facility provided by Novo Banco as part of the €20 million funding for the development of the 4-star Fogo Ecolodge in Sao Miguel, Azores.

Sustainable Luxury Ecolodge Development

The facility will finance the construction of a unique 4-star ecolodge, boosting the Azores’ reputation as one of Portugal’s top destinations for sustainable and experiential tourism. Covering a total area of 3,480 m², the hotel will offer 42 lodging units with 86 beds, a wellness spa, and a restaurant serving locally sourced cuisine. Every feature integrates seamlessly with the island’s lush volcanic landscape and rich biodiversity.

Moreover, this financing highlights growing investor and lender confidence in the Azorean hospitality market. In addition, the project addresses the global demand for environmentally responsible, high-quality accommodations that celebrate nature, culture, and local communities.

Azores Sets Sustainable Tourism Benchmark

The Azores, a UNESCO Global Geopark, has become a leading model for sustainable tourism in Europe. They balance economic growth with environmental stewardship. The Fogo Ecolodge development will further strengthen this position by implementing eco-friendly construction methods, renewable energy, and nature-focused guest experiences. These initiatives actively preserve the islands’ unique ecological heritage.

Furthermore, the development received EU subsidies through the Construir 2030 program, which confirms its strategic and sustainable importance for Portugal’s tourism sector.

Financing and Investor Confidence

Regis Castro and Ruben Chicheportiche at RCP Finance said, “We are thrilled to structure this financing for the Fogo Ecolodge. This project pioneers sustainable luxury in the Azores. In fact, Portuguese lenders like Novo Banco eagerly support well-designed hospitality projects in prime, developing locations. We are proud to help realize our client’s vision and contribute to the growth of this unique destination.”

Benoit Haenecour at Fogo Ecolodge added, “We are grateful for RCP Finance’s expertise and network. They helped us navigate the challenges of the Portuguese market and secure funding. Thanks to their support, we are on track to open Fogo Ecolodge in 2027 and promote sustainable, high-quality tourism in the Azores.”

RCP Finance Company Overview

END_ Note to editors About RCP Finance RCP Finance is a boutique financing and capital structuring firm specializing in equity and debt solutions for real estate, hospitality, and luxury assets. Since its inception in 2017, RCP has closed over £3.7 billion in financings and has recently expanded its presence in the US market. The firm is committed to delivering tailored, innovative financing strategies across global markets. For more information, visit: https://rcpfinance.com/

About RCP Finance

RCP Finance is a boutique financing and capital structuring firm specializing in equity and debt solutions for real estate, hospitality, and luxury assets. Since 2017, the firm has closed over £3.7 billion in financings and recently expanded into the US market. In addition, RCP Finance delivers tailored, innovative financing strategies across global markets.

Company Details

Organization: RCP Finance

Contact Person: Christopher Khoi

Website: https://rcpfinance.com/

Email: ckhoi@rcpfinance.com

City: London

Country: United Kingdom

Release Id: 25112537779