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According to the Hotel Association of Portugal, in November of last year, 25 operators had multiple “AL” registrations: between 51 and 300. Of these, seven were running more than a hundred properties as “Local Lodging establishments,” up to a maximum of three hundred. While the majority of owners let just one or two properties, current “AL” legislation fails to distinguish between those operating on a peer-to-peer basis and those running full-blown “horizontal” hotels.