Investing in this rural hotel with 39 accommodation units in Central Algarve is a fantastic opportunity available for €10,000,000. Perfect for buyers seeking to enter the hospitality market, this property, currently in shell construction, is set to be completed by 2025, offering ample time to plan your investment strategy. Located just 4 km from Galé Beach, it is situated on a generous plot of 100,520m², which provides a stunning backdrop of sea views and a peaceful rural atmosphere. This hotel aims to cater to tourists attracted by the beauty of the Algarve region, ensuring a steady stream of potential guests and rental income. Future amenities will include a restaurant, lounge, and communal swimming pools, adding significant value to the guest experience. Given its strategic location close to notable attractions and easy access to amenities, this investment promises not only returns but also the opportunity to create a unique holiday experience in one of Portugal’s most sought-after regions. If you're serious about investing in real estate, seize this incredible opportunity today!
• 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)
