The stunning space was designed by Alexandra Champalimaud and exudes an earthy, Asian feel.
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This week, it won the backing of the European commission in its fight with the Portuguese government, which wants to stop it taking over the Champalimaud financial group.
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The swans are still there, but the 103 rooms now have interiors designed by Alexander Champalimaud, a La Prairie spa and a restaurant by Wolfgang Puck, who also created the room service menu.