JJW Hotels and Resorts, a subsidiary of MBI International, has acquired four luxury properties in the Algarve region of Portugal for a total of $268 mln (EUR 183 mln). The properties, bought from Starman Hotels are the prestigious San Lorenzo Golf Course, the Dona Filipa Hotel, a luxury five-star hotel next to the San Lorenzo Golf Course; and the Penina Hotel and Golf Resort, a five-star hotel and resort that has hosted the Portuguese Open on numerous occasions.
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