Available land for hotel projects close to Faro Airport can be found in Olhos de Água, where a plot with plans for a 4-star aparthotel is on the market for €13,900,000. Situated just 32 km from the airport, the site offers an ideal position for attracting international guests and business travellers alike, making it a smart investment in the growing Algarve tourism sector. This expansive plot spans 60,125 m², with approval for 150 guest units, making it an excellent foundation for a new hospitality venture.
The plot, located only 2 km from the nearest beach, allows future guests to enjoy both relaxation and leisure activities, enhancing the appeal of any hotel development. Furthermore, the surrounding area is vibrant, with Albufeira only 7 km away, providing ample opportunities for local engagement and exploration. Investors will benefit from the high demand for quality accommodation due to the influx of tourists seeking picturesque surroundings that the Algarve region offers.
In addition, the plot permits a construction area of 19,800 m² and basement space of 4,800 m², setting the stage for an impressive design that can attract clientele looking for luxury hospitality experiences. This location’s value is further bolstered by its recreation facilities nearby, including golf courses just 3 km, which promises well-rounded investment success.
To learn more about this exceptional land opportunity, contact us for detailed insights and further assistance in your next hotel project!
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
60.125 m²
● Distance to the nearest beach 2 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project proposing the implantation of a 4 Star aparthotel for touristic use.
The total plot area has 60,125m² with a construction area of 19.800m² plus 4.800m² of basement area.
The approved construction of the buildings permits a maximum of 2 storeys and 150 units.
Location
• Distance to the nearest beach - 2 kms
• Distance to Faro airport - 32 kms
• Distance to Golf - 3 kms
• Distance to Olhos de Água - 2,5 kms
• Distance to Albufeira - 7 kms
