Vale do Lobo

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Vale do Lobo
Gated community and Golf resort
Skyline of Vale do Lobo
CountryPortugal
DistrictAlgarve
Websitewww.valedolobo.com
Vale do Lobo
Club information
LocationAlgarve, Portugal
Established1968
TypePrivate
Total holes36
Tournaments hostedPortuguese Open (2002–03)
Royal Course
Designed byRocky Roquemore
Par72
Length6,059 metres
Ocean Course
Designed bySir Henry Cotton
Par73
Length6,137 metres

Vale do Lobo is a gated community and golf resort in the Algarve region of southern Portugal. Vale do Lobo comprises one of the three corners of the Golden Triangle of the Algarve's most affluent and expensive communities.

The community hosted the Portuguese Open, part of the PGA European Tour, in 2002 and 2003.

History[edit]

Vale do Lobo was among the first tourist resorts to be built in Portugal, having been catalysed by the Estado Novo's decision in 1962 to build Faro Airport[1] following the success in the 1950s of luxury Spanish resorts such as Torremolinos. In 1962, Trust House Forte acquired the land which became Vale do Lobo with the intention of turning it into a luxury resort. At the time, the region was a stone pine forest with a sand beach. Townhouses and villas were built for tourists and permanent foreign residents. An 18 hole golf course designed by Henry Cotton was built and Vale do Lobo quickly become a popular destination with the British market. In 1968, Trust House Forte and Costain Group opened the first five-star hotel in the Algarve, the Dona Filipa, named after Philippa of Lancaster, whose marriage to John I of Portugal confirmed the 700-year-old Anglo-Portuguese Alliance.

In 1977 the, Venlo-born, Dutch entrepreneur Sander van Gelder acquired the resort out of receivership, after it had struggled financially following the 1974 Carnation Revolution. He had originally intended to acquire just a small plot of land in the area, but ended up taking the opportunity to acquire the whole resort.[2] The resort was run under van Gelder's ownership for the next thirty years, adding another eighteen hole golf course and many facilities including bars, restaurants, and shops. The resort hosted the Portuguese Open in 2002 and 2003.

In 2006 a combination of Portuguese and international investors together with the Portuguese state-owned bank Caixa Geral de Depósitos acquired the development from van Gelder, installing Diogo Gaspar Ferreira as CEO. Over the next four years, they took out twelve loans to further develop the resort, for a total new debt of 249 million euros.[3] By the summer of 2015 all of these loans were in arrearage. Because five of these loans were from Caixa, at a time when Armando Vara was the bank's administrator, they were investigated as part of Operation Marquis,[3][4] and figured in the charges against José Sócrates and other Operation Marquis defendants.[5]

Ocean Course[edit]

Score Card[edit]

Hole Par Whites Length Yellows Length Reds Length
1 4 429mt / 469yd 399mt / 436yd 359mt / 393yd
2 4 347mt / 379yd 286mt / 313yd 257mt / 281yd
3 5 497mt / 544yd 457mt / 500yd 409mt / 447yd
4 4 381mt / 417yd 368mt / 402yd 336mt / 367yd
5 3 198mt / 217yd 165mt / 180yd 142mt / 155yd
6 5 416mt / 455yd 410mt / 448yd 358mt / 392yd
7 3 171mt / 187yd 166mt / 182yd 149mt / 163yd
8 5 385mt / 421yd 374mt / 409yd 305mt / 334yd
9 4 347mt / 379yd 326mt / 357yd 304mt / 332yd
Out 37 2732mt / 3468yd 2951mt / 3227yd 2619mt / 2864yd
10 5 445mt / 487yd 435mt / 476yd 418mt / 457yd
11 4 413mt / 452yd 386mt / 422yd 355mt / 388yd
12 4 379mt / 414yd 292mt / 319yd 273mt / 299yd
13 3 144mt / 157yd 135mt / 148yd 94mt / 103yd
14 4 346mt / 378yd 344mt / 376yd 332mt / 363yd
15 3 195mt / 213yd 180mt / 197yd 137mt / 150yd
16 5 483mt / 528yd 433mt / 474yd 409mt / 447yd
17 3 144mt / 157yd 135mt / 148yd 126mt / 138yd
18 5 411mt / 449yd 376mt / 411yd 340mt / 372yd
In 36 2732mt / 3237yd 2716mt / 2970yd 2484mt / 2717yd
Total 73 6131mt / 6705yd 5667mt / 6198yd 5103mt / 5581yd

See also[edit]

References[edit]

  1. ^ http://sergiopalmabrito.blogspot.co.uk/2012/04/o-algarve-as-sextas-20120406-penina-e.html
  2. ^ Webster, Jack (1985). "The Making of the Algarve". Glagow Herald.
  3. ^ a b Oliveira, Mariana (21 November 2015). "Empreendimento de Vale de Lobo deve cerca de 300 milhões de euros à Caixa". Público (in Portuguese). Comunicação Social, S.A. Archived from the original on 14 January 2017.
  4. ^ Martins, Nuno André (8 June 2015). "Empreendimento em Vale do Lobo investigado no Caso Sócrates". Observador (in Portuguese). Archived from the original on 9 June 2015.
  5. ^ Oliveira, Mariana (9 February 2017). "Comissões de 200 mil recebidas por gestores envolvidos no caso Sócrates". Público (in Portuguese). Comunicação Social, S.A. Archived from the original on 9 February 2017.

External links[edit]