The investment potential of this rural hotel near Guia is substantial, especially given its 39 accommodation units and generous plot size of approximately 101,520m². Priced at €10,000,000, this property is ideal for buyers looking to enter the lucrative hospitality market in Algarve. With completion expected in 2025, it provides an opportunity to secure a project with significant upside in a sought-after area.
The hotel is designed to cater for a wide demographic, featuring 39 spacious apartments, including units designed for guests with reduced mobility, ensuring inclusivity and broad appeal. With its strategic location near Albufeira and Galé Beach, the property benefits from burgeoning tourist numbers and high demand for rental accommodations.
Investors can expect both immediate and long-term returns, as properties in this area boast good rental yields. Additionally, the property's amenities, including a restaurant and lounge area, set the stage for a thriving business environment.
The region is known for its beautiful landscapes, making it an attractive destination for nature lovers, and the nearby golf courses further enhance its appeal. Furthermore, with infrastructure enhancements, increased visitor capacity is anticipated.
Buyers looking to establish a hotel in this prime locale will benefit from the current shell stage to fit out and customise according to their vision. Explore the potential for partnership with local businesses to add value to your offering.
Contact us today to learn more about this investment 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)
