MeraPrime Gold Hotel Expands as Sorathia Investments Acquires Adjacent Site in Lisbon

Source EQS


EQS Newswire / 10/03/2026 / 15:48 UTC+8

Lisbon, Portugal - March 10, 2026 - (SeaPRwire) - Sorathia Investments, a global firm specializing in hospitality, real estate, and early-stage ventures, has completed the acquisition of the building adjacent to MeraPrime Gold Hotel in Lisbon, Portugal, according to the company. The purchase strengthens the company's hospitality presence in the city's historic center, with plans to develop new upscale suites under the MeraPrime brand.

MeraPrime20260310

According to Umar Abdul Shakoor Sorathia, CEO and Chairman of Sorathia Investments, the expansion reflects the company's ongoing commitment to its hospitality operations in key European markets. "This investment supports our strategy to grow responsibly within Lisbon's historic and cultural district," Sorathia said.

Strengthening Hospitality in Lisbon

Located on Rua Áurea near Commerce Square (Praça do Comércio), MeraPrime Gold Hotel features 38 guest rooms and offers a blend of Portuguese-inspired design and modern comfort. The property caters to travelers seeking authentic, culturally influenced stays in the heart of Lisbon, whether visiting for business or leisure.

The hotel includes contemporary amenities such as 24-hour concierge service, high-speed Wi-Fi, and an on-site restaurant, Allow – License to Snack, which serves Halal-certified Portuguese cuisine. Its central location provides convenient walking access to key cultural landmarks, business districts, and waterfront areas.

Expanding in a Growing Tourism Market

Lisbon continues to rank among Europe's most visited destinations, supported by strong growth in upscale and luxury accommodation demand in recent years. The acquisition positions MeraPrime Gold Hotel to meet this growing demand and enhances its competitive offering among established brands within the city's hospitality market.

Sorathia Investments plans to use the new site to expand its accommodation offerings and strengthen its service capabilities, according to the company. It intends to maintain its focus on local engagement, sustainable operations, and staff development as part of its growth approach.

A Strategic and Sustainable Approach

Founded in 1991, Sorathia Investments operates across manufacturing, real estate, hospitality, and travel services, with operations in Africa, Europe, and the Middle East, according to the company. Its expansion in Lisbon aligns with the company's philosophy of disciplined, community-centered investments that encourage long-term tourism development.

The specific project timeline and investment figures for the new property have not been disclosed, according to Sorathia Investments. However, the development complements its broader objective to combine cultural authenticity with modern hospitality while diversifying its real estate holdings in strategic European locations.

About Sorathia Investments

Established in 1991, Sorathia Investments operates internationally across manufacturing, real estate, hospitality, and travel services sectors, with operations in Mozambique, Portugal, the United Kingdom, and the United Arab Emirates, according to the company. Its hospitality division includes MeraPrime Gold Hotel, a key part of its European portfolio.

Contact Information

Brand: Sorathia Investments

Contact: Umar Sorathia

Email: contact@sorathiainvestments.com

Website: https://sorathiainvestments.com

10/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.

Media archive at www.todayir.com

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Author  Mitrade
Jan 06, Tue
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
placeholder
Gold rises as safe-haven demand increases on Iran warGold price (XAU/USD) extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East.
Author  FXStreet
Mar 05, Thu
Gold price (XAU/USD) extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East.
placeholder
Gold slumps to near $5,050 on oil-driven inflation fears, stronger US DollarGold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.
Author  FXStreet
Yesterday 01: 41
Gold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.
goTop
quote