We are thrilled to announce that Aethos Ericeira has been awarded one of the first-ever MICHELIN Keys in Portugal - a significant new distinction from the MICHELIN Guide, honoring hotels that offer truly exceptional stays.
This recognition marks a major milestone for Limestone Capital and underscores the strength of our vertically integrated investment strategy - where we act not only as real estate investors, but also creators and operators of brands such as our in-house hotel and members’ club brand Aethos.
Aethos Ericeira is a standout example of this approach. What was once an overlooked, bankrupt oceanfront clinic has been reimagined into one of Portugal’s most acclaimed 5-star boutique hotels featured in numerous international publications such as Condé Nast Traveller, Forbes, Bloomberg, and many more. With 50 keys, the hotel combines wellness, contemporary architecture, and elevated F&B to offer guests a distinctly local yet globally appealing experience.
This transformation was driven entirely in-house - from acquisition through concept, refurbishment, branding, and operations - demonstrating how Limestone’s integrated investment approach enables us to unlock full asset potential, both in terms of guest experience and long-term real estate value.
Recognition by the MICHELIN Guide affirms not only the extraordinary work of the Aethos team on the ground in Ericeira, but also the strength of our operational and brand-building capabilities. We’re proud to see this flagship case study stand as a blueprint for what’s possible when you combine deep market insight with design, vision, and hands-on execution.
More to come.