A hotel in shell construction near Galé Beach is currently available for €10,000,000, an attractive price for such prime real estate. This project comprises 39 accommodation units and sits on a substantial plot of approximately 101,520m², ensuring significant space for growth and development. The hotel’s amenities are planned to include communal pools and a restaurant, catering to the active tourism market just 4km from the beach. As it stands, this property not only offers a building in the shell phase but also a canvas on which to create a unique hospitality experience. With its expected completion date set for 2025, buyers can get involved early, influencing the final aspects of the development. The surrounding Algarve region is known for its beautiful beaches and vibrant tourism, which guarantees steady foot traffic from holidaymakers seeking relaxation. Additionally, this investment promises a strong ROI owing to its prime location and expected demand. Emphasising eco-sustainability, the hotel will incorporate solar technology, reducing operational costs while drawing in eco-conscious guests. This is a unique chance to invest in a hotel project that presents numerous financial growth opportunities. Don't miss out on this chance—reach out today to learn more about this investment!
• 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)
