The cost of investing in a hotel with 39 accommodation units in Albufeira is €10,000,000 as the property is currently in shell construction. This investment represents an exciting opportunity to create a 4-star rural hotel, set on a vast plot of approximately 101,520 m², ideally located close to the bustling tourist area. Scheduled for completion in 2025, the hotel not only offers spacious accommodations but also includes communal pools perfect for guests seeking leisure and relaxation. The property’s proximity to Galé Beach, which is only 4 km away, enhances its appeal significantly, making it a perfect getaway for holidaymakers. The structure is designed for comfort with 39 apartments, including units suited for guests with reduced mobility. As construction takes place, you can also benefit from guaranteed rental income projections, ensuring a solid return on your investment in this popular region. Don’t miss this chance to own a piece of the Algarve's thriving hospitality market. Contact us now to learn more about this 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)
