Grupo CS intends to invest EUR 8 bn to develop 16 hotels in Portugal. The assets, five of them already under construction, are due for completion in 2009. The group envisages beginning the second phase of Herdade dos Salgados tourist project and launching the Barragem de Montargil development in Algarve, in Southern Portugal by March 2007, the president of the Board of Directors Carlos Saraiva told the website Turisver.com.
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