This hotel project in Albufeira represents a tremendous investment opportunity due to its prime location and expansive potential. Priced at €10,000,000, the property spans an impressive 101,520 m² and includes 39 accommodation units designed to capture the lucrative tourist market. Scheduled for completion in 2025, this hotel in shell construction offers investors the chance to make modifications that suit their vision. Its location, merely 4 km from the famed Galé beach, places it at the heart of a burgeoning tourist area, ensuring high demand for accommodations. The property is planned with modern amenities such as a restaurant and communal lounge, enhancing guest experiences while creating additional revenue streams. Additional sustainable features like solar energy, mains water, and boreholes further bolster its appeal, reducing operational costs and promoting eco-friendliness. With the area's popularity likely to expand, the expectation for strong returns on investment is significant. Investing in this property offers the chance to be part of the vibrant Algarve region's growth. Don’t miss out on this fantastic opportunity—contact us now to explore 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)
