The cost of this hotel property near Galé Beach in Albufeira is €12,500,000, making it a valuable investment for serious buyers. Currently in shell construction, this hotel will consist of 39 accommodation units and is situated just 4 km from the beach, in a sought-after location. The generous plot size of approximately 101,520 m² offers plenty of space for development and additional amenities. Anticipated for completion in 2025, this hotel features mains water, solar energy capabilities, and boreholes to ensure sustainability. The investment potential is boosted by the guaranteed rental income, ideal for investors looking to benefit from the booming tourism sector in Algarve. With panoramic sea and countryside views, this property offers a unique experience for future guests and attracts a wide range of clientele. Nearby facilities include restaurants, shops, and recreational options, making it a convenient choice for visitors. Those interested in the hospitality market should act quickly as opportunities like this do not last long. Contact us today for more details and to arrange a viewing of this enticing property!
• 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)
