The hotel near Praia da Galé represents a fantastic investment opportunity with a planned completion date set for 2026. With a competitive price of €12,500,000, potential buyers can also consider acquiring it at €10,000,000 while still in shell construction. This hotel consists of 39 units, designed with a focus on family comfort, including amenities such as a large swimming pool and children's pool. Nestled within a desirable location, approximately 4km from the beach, it offers easy access to local amenities and attractions, making it a prime position for drawing visitors year-round. An investment in this hotel aligns with the increasing demand for quality accommodation in the Algarve. With approved plans that include a restaurant and bar services, this property is well-equipped to deliver a rewarding return on investment. Don’t miss the chance to explore this lucrative hospitality venture; contact us today to schedule a viewing and learn how you can benefit from this exciting project!
• Hotel, currently in Shell Construction Phase with 39 Accommodation Units
• Plot Size 101,520m²
• Construction Completion: Scheduled End 2026
• 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)
