Investing in this hotel project, which comprises 39 accommodation units in the Algarve, can be a lucrative opportunity. Priced at €10,000,000, this property is situated on an expansive 101,520 m² plot, ensuring plenty of space for future development. The hotel, currently in shell construction, is set to be completed by 2025, making it ideal for investors seeking a long-term asset. With its close proximity to Galé beach (around 4 km away), the property is positioned in a sought-after location that attracts numerous tourists year-round. Each accommodation unit is designed with comfort and accessibility in mind, making it suitable for a diverse clientele. Moreover, the planned incorporation of amenities such as a restaurant and communal spaces means there are numerous opportunities to enhance revenue generation. With mains water and solar panels already in place, you can feel confident about sustainability and operational efficiency. The potential for a strong return on investment in this developing market is significant. If you're looking for a project to align with your investment goals, this could be the answer. Contact us for a detailed investment overview and to explore this exciting opportunity further.
• 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)
