Investment Strategy
designed for long-term value, with the Golden Visa in mind.
We invest in hospitality businesses with untapped potential, reviving overlooked companies and turning them into thriving destinations. It’s a secured, regulated, and asset-backed fund designed to create real value for both investors and communities.
Contact Us →How does the fund work?
A Turnaround Model That Creates Value
VIDA Capital is a hospitality turnaround fund. We acquire undervalued hotel and serviced apartment with touristic license in Portugal, reposition them under our own hospitality brand, and create long-term value through operations and strategic exits. This model is designed for stability, not speculation.
Interested in joining VIDA Fund II? Speak directly with our team.
Chat With Us →Investment strategy overview
A Hands-On Approach to Value Creation
From acquiring distressed hospitality assets to repositioning them into high-performing operations, our team is deeply involved at every stage. With a focus on design, sustainability, and operational excellence, we deliver long-term value backed by structure, oversight, and care.
Year 1
Strategic Planning & Acquisition
We identify distressed or off-market hospitality assets and secure them before public auction, often directly from banks.
Years 2–3
Refurbishment, Repositioning & Sustainability
We upgrade each property through high-end design, thoughtful concept refinement, and sustainable enhancements—collaborating with local artists and artisans to infuse each space with character, culture, and a sense of magic that endures.
Years 3–5
Operational Excellence
Once revitalized, each hotel is operated with top-tier professionalism—often under leading international brands—combining world-class service standards with the strength of global distribution.
Year 6
Divestment
Over time, we consolidate the hotels into a single, stabilized portfolio—positioned to attract institutional buyers seeking high-performing hospitality assets in Portugal’s most desirable locations.
Talk to our team and take the first step toward Portuguese residency.
Why Hospitality?
A Sector Primed for Growth
€27 billion in tourism revenue in 2024
80.3 million overnight stays in 2024
RevPAR Growth: +44.7% in Lisbon
70.3% of all overnight stays from non-residents
Portugal overnight stays by source markets
(Top 5 countries in % share of 2024)
Top 5 International:
31.8m+4.8% (vs. 2023)
A Successful close:
VIDA I Track Record
$21M+
Fundraised
Raised despite legal changes, proving strong investor confidence and resilience.
50+
Investors
A diverse, international investor base from multiple continents put their trust in VIDA I.
35%
Already Deployed
Invested in Masana now fully operational and exceeding revenue projections.
100+
Golden Visa
Golden Visa applications successfully submitted (investor and their family members).
130%
Performance
Current operational performance vs budgeted target.
113%
Asset Value
Current NAV value of the portfolio- NAV (Net Asset Value)
Our investment in action
A Hospitality Success Story: Masana
Through VIDA I, we acquired and revitalized Masana a 52 unit beachfront hotel in the Algarve, southern Portugal. Previously underperforming and poorly positioned in the market, the asset lacked both brand identity and operational efficiency.
Our team led a complete transformation, from structural renovations and interior design upgrades to a full repositioning of the guest experience and revenue model. The result is a vibrant, design-forward boutique hotel aligned with Portugal’s growing wellness and experiential travel sectors.
Masana now operates as a fully stabilized, income-generating property, demonstrating our ability to unlock hidden value and align with long-term tourism trends.
VIDA II is already taking applications.
Chat With Us →
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$
M+
Fundraised
.
%
Asset Appreciation YOY
%
IRR
Above Return Target
%
NAV
%
ADR Growth
Guest Rating
Why Sustainability Matters
Our Four Pillar Approach
Sustainability is more than a trend, it’s fundamental to how we create long-term value. By revitalizing existing buildings and focusing on local sourcing, efficient design, and low-impact operations, VIDA ensures that each project is built to last.
Want to invest with long-term purpose in mind?
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Giving Hotels a Second Life
Breathing new life into underperforming assets, we transform neglected properties into thriving, sustainable destinations—upcycling them to meet the demands of today’s discerning travelers while unlocking long-term value.
Infusing Art and Culture into Every Space
By collaborating with local artists and artisans, we bring authentic, culturally rich art into each property—creating spaces that tell a story, spark emotion, and foster a sense of community, while adding magic to the guest experience.
Maximizing Sustainable Energy Integration
We integrate renewable energy solutions in our properties, aligning with our sustainability values while unlocking access to European and Portuguese grants and 0% interest financing.
Locally Crafted, Thoughtfully Designed
Most of our furniture is custom-designed and made in Portugal by local artisans—celebrating craftsmanship, supporting the local economy, and giving each space a unique sense of place.
Target Return
What returns to expect?
Alongside residency benefits, VIDA Capital is built to deliver strong financial performance. The fund’s structure, timeline, and targeted returns are designed to align with the needs of international investors seeking both stability and upside. Here’s what you can expect.
Want more information on our investments?
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6.5 years
Lifecycle of the Fund
12% IRR
Expected Annual Returns*
€500,000
Minimum Investment for Golden Visa
100%
Total Projected Equity Return
*Expected annual returns may vary and are not guaranteed. All investments carry risk. Prospective investors should carefully review all fund documentation and consult their financial advisor before making an investment decision.
How does it work?
A Gateway To Europe for your family
Invest €500,000 in a VIDA Capital's regulated hospitlaity fund.
Stay in Portugal just 7 days in the first year, 14 days every two years after.
Get EU citizenship after 5 years, no need to relocate permanently.
Spouse, children, dependent parents and in-laws can all be included in your visa.
Triple Check System
Triple-Layered Security, Fully Compliant.
VIDA is highly regulated to ensure each investment goes through a triple check system via the VIDA Advisors, Fund Manager, and Custodian Bank. The Fund is subject to a strict and thorough auditing process that complies with the Portuguese Regulator and assures sound management of the Fund.
1. Fund Advisor
The executive team of VIDA will source upon and review potential investments and submit non-binding recommended opportunities that meet the defined objectives and strict criteria for approval by the Investment Committee.
2. Fund Manager
Upon recommendation from the Investment Committee, the Fund Manager will be responsible for analyzing and deciding on each investment proposal and dictating the final sign-off on each investment.
3. Custodian Bank
The Custodian Bank is the final control in relation to the investors’ investment, in addition to the required approval and ongoing regulatory supervision by CMVM (Portuguese Regulator).
Three layers of oversight ensure transparency and compliance from end to end.
Invest With Us →Choose where you live, how you invest, and what kind of future you build.
Chat With Us →Meet the team
VIDA's
Advisory team
Meet our founders. Each brings a wealth of experience and a track record of success in the investment and hospitality sectors, guiding our fund towards sustainable growth and profitability.
Maria Alvarez Garcia is a Partner at VIDA Advisors, where she oversees tax, legal, structuring, and fundraising.
She previously co-founded a €250M platform and worked at Macquarie Bank, Barclays, and Freshfields in Madrid.
Maria also specializes in delta one trading and holds degrees in Economics, Finance, and Law from Universitat Pompeu Fabra.
José Covas is CIO at VIDA Advisors, leading sourcing, investment, and disinvestments. He is also CEO of Iniciativability, a Portuguese family office and advisory firm.
With nearly 30 years in real estate, José has led valuation and advisory teams at firms like Colliers and Cushman & Wakefield, and co-founded Aura REE.
He teaches in top MBA programs and holds leadership roles in international valuation standards.
Want to learn more about our team?
Frequently asked questions
What does VIDA invest in?
We invest in underperforming hospitality assets—hotels and resorts in high-demand areas—which we reposition for long-term value.
What return can I expect?
We target a 12% IRR. Our focus is on capital preservation and disciplined growth.
Is this a real estate investment?
No. VIDA is a private equity fund investing in hotel operating companies, not property ownership.
Is the fund regulated?
We adhere to strict regulatory standards. VIDA is an investment fund rigorously managed by STAG Fund Management SCR S.A., and fully regulated by the Portuguese Securities Market Authority (CMVM). This ensures compliance with legal and ethical investment practices, safeguarding our investors’ interests. VIDA is also audited annually by Deloitte.
How long is my capital committed?
To comply with the Golden Visa regulations, the funds must be committed a minimum of 5 years. To allow each of our investor enough time to complete their citizenship applications, VIDA Fund II term is of 6.5 years.
Have questions?
Send a message directly to your personal consultant, we’re here to guide you through the entire process.
Alternatively you can also Whatsapp Maggie here.
Or send an email: ir@vida-cap.com
