For more options, checkout the Vila Verde Hotel and the Nave Redonda do Cerro. They are located 13 kilometres and 35 kilometres respectively from the main center. If these aren't what you're looking for, you can try the Herdade da Malhadinha Nova or the Hotel Villa Aljustrel.
The close by localities of Cercal and Sao Teotonio are certainly worth going to. Cercal is 45 kilometres to the west of Ourique, while Sao Teotonio is 45 kilometres to the west. Accommodations in Cercal are the Herdade da Matinha Country House & Restaurant and Casazul M&B. Sao Teotonio options are the Cerro da Fontinha and Monte Soalheiro.
If watching sport is a favourite pastime, go to Albufeira Bullring. It's located to the south of Ourique. To sleep nearby, make a reservation at the ClubHotel Riu Guarana - All Inclusive or the Eden Resort.
Hotels in Ourique start at AU$68 per night. Prices and availability subject to change. Additional terms may apply.