The cost of this hotel in shell construction near Albufeira is currently listed at €10,000,000. This property represents a significant investment opportunity for buyers aiming to tap into the thriving Algarve market. Nestled about 4 km from Galé Beach in Guia, this hotel is set on an expansive plot measuring approximately 101,520 m² and is designed to accommodate 39 units, making it a lucrative choice for hospitality ventures.
Currently under construction with completion expected in 2025, this hotel offers a unique chance to enter the market at an early stage. Great potential exists for guaranteed rental income due to its prime location in an area popular with both tourists and locals alike, enhancing its investment appeal. The layout features spacious accommodation units, including provisions for guests with reduced mobility.
Moreover, the premises include a restaurant, lounge, and bar service, which are all key components in attracting guests and ensuring their comfort. The surrounding area boasts a variety of local amenities and attractions, allowing guests to enjoy an enriching experience while staying at the hotel. With easy access to transport links and stunning panoramic views of the sea and countryside, this property is a prospect that should not be overlooked.
Sustainability is an added benefit with amenities like solar panels and sufficient water supply from boreholes, ensuring lower operating costs. If you’re interested in a profitable hospitality investment in the Algarve region, don't hesitate to reach out for further details. Get in touch with us now to learn more about this opportunity!
• 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)
