O Mozambican businessmen, Carlos Camurdine, is the new owner of "The Fontecruz Lisboa Hotel", in Portugal. The deal closed in late June, with the Spanish chain "Fontecruz Hotels", is valued at 42 million euros.

Camurdine is quoted by ECO as being one of the owners of the Socimpex wine store in Mozambique.

O The Fontecruz Lisboa Hotel, five-star hotel is located on one of Lisbon's most expensive avenues and was opened in 2012. The hotel has 72 rooms, an interior garden, a fitness club and a restaurant.

This purchase has already brought changes to the company that owns the hotel, Hotel Project Lisboa. In June, Spaniards Julio Ortega Zurdo, Diego Ortega Martin (CEO) and Julio Hugo Martin Ortega resigned from their positions on the Board of Directors, which now includes Carlos Camurdine as chairman and Yasmin Camrudim (partner at Socimpex) as a member.

The hotel will soon change its name and the new owners have a new project on the table.

Carlos Camurdine, 63, is one of Mozambique's most influential businessmen, and was under the media spotlight in 2019 when he was kidnapped. On April 3 of that year, the Socimpex partner was kidnapped by three armed men outside his establishment in Maputo and was eventually released two months later after a ransom was paid.

Fontecruz Hotels was born in 2004 in Spain and now has hotels in Seville, Granada, Toledo, Ávila and Lisbon. It is currently "evaluating the viability of projects in destinations such as Madrid, London, Paris, Budapest and Brussels," reads the site of the chain.