the first hotel on graciosa was inaugurated in june, 2009. the new graciosa resort & business hotel in santa cruz da graciosa is part of a series of investments to build infrastructure connected to the tourist economy on graciosa, such as the carapacho thermal baths. the new four-star hotel has 120 beds, a restaurant for 100 people, a swimming pool and various services related to its category, having cost seven million euros. it will be managed by inatel in a partnership with a group of azorean business people. the hotel is part of the new praia fishing port on graciosa includes a set of floating piers, sea marking, water supply networks and electric grids, houses for fishing