This hotel under construction in the Algarve is available for €10,000,000 and sits on a substantial plot of 101,520m². It features 39 accommodation units and is scheduled for completion in 2025, making it an enticing investment opportunity for buyers looking to tap into the thriving Algarve tourism market. With its location just 4km from Galé Beach and close to Guia, this property is set to attract visitors with its serene environment and accessibility. Key project amenities include a restaurant, bar service, and a lounge area, all designed to enhance guest experience. The hotel’s shell construction allows for customisation, making it perfect for buyers who wish to put their personal touch on a new hospitality venture. Explore this exciting opportunity to own a hotel in one of the most vibrant areas of Portugal. Don’t hesitate – contact us to arrange a viewing and discuss potential!
• 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)
