- Numa Group acquired Lisbon Serviced Apartments through a joint venture with CoRe Capital.
- The acquisition added 19 properties in Chiado, Príncipe Real, Alfama and Avenida da Liberdade.
- Numa’s portfolio now exceeds 11,000 units across 42 cities.
- Numa holds operational decision-making authority over distribution and revenue strategy.
- LSA was founded in 2009 by Luís Milagres e Sousa.
Numa Group has acquired Lisbon Serviced Apartments (LSA), a Portuguese hospitality operator with 19 properties across Lisbon. The transaction was completed through a joint venture with CoRe Capital and adds properties in Chiado, Príncipe Real, Alfama and Avenida da Liberdade. Numa’s European portfolio now exceeds 11,000 units across 42 cities in 15 countries.
LSA was founded in 2009 by Luís Milagres e Sousa and has grown into one of Lisbon’s most respected hospitality operators. Under the agreement, Numa will hold operational decision-making authority over distribution and revenue strategy. The LSA portfolio will be integrated onto Numa’s proprietary technology platform through a phased programme covering digital guest services, revenue optimisation and operational systems.
Numa CEO Christian Gaiser stated the acquisition represents another step in the group’s continued expansion across Europe. Pedro Araújo e Sá of CoRe Capital said technology-enabled hospitality continues to represent an attractive long-term investment opportunity. The acquisition reinforces Numa’s strategy of partnering with investors, developers and property owners to build one of Europe’s leading digital hospitality platforms.
Christian Gaiser, CEO of Numa Group, shared, “Portugal remains an important market for NUMA and this acquisition represents another step in our continued expansion across Europe.”
Luís Milagres e Sousa, Founder of Lisbon Serviced Apartments, shared, “I am incredibly proud of what our team has achieved over the last 17 years and excited to partner with NUMA and CoRe Capital as we begin the next chapter of the business.”
Pedro Araújo e Sá, Senior Partner at CoRe Capital, shared, “Technology-enabled hospitality continues to represent an attractive long-term investment opportunity.”
