This exciting 39-unit hotel for sale in Central Algarve is designed with both comfort and functionality in mind. The amenities include a restaurant for fine dining, a lounge area for relaxation, and service pantries to support guest needs effectively. Additionally, the property features communal pools which are perfect for leisure and relaxation. This hotel also has dedicated accommodation units designed for guests with reduced mobility, ensuring inclusivity for all visitors. Set within a beautifully landscaped outdoor area, the hotel boasts impressive sea views, making it attractive for holidaymakers. With the hotel’s shell construction scheduled for completion by 2025, investing now allows buyers to secure a prime property at its developmental phase. The sprawling plot of 101,520m² provides ample room for additional outdoor activities and landscaping projects. As this area develops, the hotel's potential for rental income is substantial, given its proximity to amenities and Albufeira, famed for its vibrant tourist scene. If you're serious about investing in hospitality in Algarve, seize this opportunity today. Contact us to learn more about this unique 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)
