The hotel construction near Albufeira is scheduled for completion in 2025, making now an ideal time to consider this investment. This property, situated on a spacious 101,520m² plot near Guia, features 39 accommodation units designed to attract tourists to the popular Galé Beach, which is only 4km away. While currently in shell construction, the hotel will include communal pools, a restaurant, and outdoor amenities that promise to enhance guest experiences. The anticipated rental income makes this an attractive proposition for investors seeking to benefit from the growing tourism industry in the Algarve. Located in the central Algarve, with easy access to local towns and amenities, this project is poised to thrive. Buyers will appreciate the possibility of customising accommodations to cater to their target market as construction progresses towards completion. Schedule a viewing today to secure your opportunity in this exciting venture.
• 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)
