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Best opportunities for purchasing hotels with development potential in Algarve?

Hotel in Guia

ref. VM1993
12.500.000€
  • B
  • 39
  • 40
  • 1.600m2
  • 101.520m2

This hotel, currently in shell construction, presents one of the best opportunities for investors looking to purchase a property with significant development potential in the Algarve. Located just 4km from Galé Beach, the hotel encompasses a vast 101,520m² plot and consists of 39 accommodation units. With plans for completion by 2025, it features essential amenities like solar panels, a restaurant, and common areas, setting the stage for a successful hospitality business. Available for €10,000,000, this property is a sound investment for those targeting the booming Algarve tourism market. Reach out now to discuss this incredible opportunity.

Usage
Commercial
Type
Hotel
Town
Guia
Parish
Guia
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
2025
Rooms
41
Bedrooms
39
Bathrooms
40
Floors
2
Furnished
Fully
Living Area
1.600 m²
Usable area
2.000 m²
Plot Area
101.520 m²
Garage, Parking outdoors, Autom. Entrance Gate, Parking Places
Water-Electricity-Drainage 1
Borehole, Mains electric, Solar electricity
Water-Electricity-Drainage 2
Mains water, Water tank
Swimming Pool, Children's Pool
Landscaped
Exterior 1
Warehouse, Vegetable Garden
Exterior 2
Roof Terrace
Views 1
Countryside View, Panoramic View
Views 2
Sea View
• Hotel, currently in Shell Construction Phase with 39 Accommodation Units
• Plot Size 101,520m²
• Construction Completion: Scheduled End 2025
• Mains Water, Drainage and Solar Panels
• 2 Boreholes
• Close to Town, Amenities and Beach
• Easy Access
• Distance to Beach 4km

The rural hotel, once completed, is located on an elevated position overlooking the countryside and also towards the sea.

The 4* hotel will consist of 39 Apartments. 20 Accommodation units on Level 1 and 19 accommodation units on level -1. (3 Units on level 1 and 3 units on level -1 will be prepared for people with reduced mobility).

There will be a restaurant/breakfast room and respective service pantry, public toilets, a lounge with bar service and a shop to sell products from the farm.

The hotel will have a total of 13 common outdoor parking spaces, 2 of them reserved to receive disabled guests, plus 12 private covered parking spaces in the garage on level -1, totally closed.

The property can be purchased in its current phase of development for 10,000,000€.

Land:
• Fully Fenced
• 2 Boreholes
• Mains water, drainage and solar panels
• Warehouse and Greenhouses
• 1 warehouse with 1 refectory
• 1 sanitary installation
• 1 cabinet and a refrigeration container
• Tank 30m x 10m
• Fruit trees and vegetable garden

Location

• Distance to Sea – 2.6km
• Distance to Beach – 4km
• Distance to Nearest Golf – 2.8km
• Distance to Faro Airport – 48.4km
• Distance to Nearest School – 1.6km
• Distance to Nearest Town – 3.8km (Guia)
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