The cost of investing in a hotel with sea views in Portugal is currently set at €12,500,000 for the completed property. This hotel, located just near Praia da Galé in Albufeira, is under construction with a timeline for completion by the end of 2026. It features approved plans for 39 accommodation units, which not only enhances its appeal but also its potential rental income. Situated on a sprawling 101,520m², buyers will appreciate the scenic sea views coupled with the promise of a luxury hospitality experience. With a competitive price for such prime real estate, this investment allows you to capitalize on the booming tourist industry in the Algarve. The site will include shared amenities like a swimming pool and children's pool, additionally attracting families and holidaymakers. The property also offers significant flexibility for modifications at an initial price of €10,000,000 if you wish to tailor the development. This hotel operation presents a unique chance for entrepreneurs in the hospitality sector who want to establish a presence in this popular destination. Don't hesitate to learn more about this exceptional opportunity in Algarve. Schedule a consultation with us today!
• 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)
