Lisbon sells World palaces.

Is there a palaces from the 18th Century? Portugal's capital Lisbon must reduce its debt mountain and sells six Palacios. The sometimes quite dilapidated residences to luxury hotels to be rebuilt.

 

Lisbon - The auction once magnificent residences in a prime location, the Portuguese capital Lisbon reduce their debts. With a minimum bid of around four million euros is the artfully decorated Palacio Pancas Palha romantic garden with the most expensive of the six objects from the 18th and 19 Century, whose sale the city administration announced on Tuesday. From 400,000 euros but is also a palace to have.

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Lisbon: Clearance of palaces

According to the city administration, the palaces, from which several of the world heritage list, in luxury hotels are rebuilt. "It's not only about to sell our heritage, it is about the expansion of the hotel offer the city," said Mayor Antonio Costa.

The palaces are according to Costa in February sold the highest bidder. He has set itself the goal, Lisbon on the "capital of the charm" to make. The sales will enable previously inaccessible and sometimes fairly dilapidated residences will present in a new gloss. Many Portuguese hotel groups had shown interest in the buildings, each with 15 to 40 rooms registered, said the head of the Lisbon Tourism Association, Vitor Costa.

With the expected sales proceeds amounting to almost 13 million euros will also support the rigor of the Portuguese capital be reduced their spending in the past two years by 30 percent had reduced.