This expansive plot of land measuring 101,520m² in Vale da Parra, Guia, is ideal for prospective buyers looking to invest in a hotel project in Algarve. With an approved project for a 4-star hotel, this property is currently in shell construction and offers a unique chance to shape a hospitality business from the ground up. With a price tag of €12,500,000 for the completed hotel, it represents a significant opportunity in a high-demand tourist area.
Strategically located just 4km from the stunning beaches of Praia da Galé and the bustling town of Albufeira, this site benefits from accessibility and proximity to local attractions. The hotel will feature 39 residential units upon completion, providing diverse accommodation options.
Utilising sustainable resources, such as mains water, drainage, and solar panels, the investment aligns with modern hospitality trends focused on eco-friendliness. Such attributes not only enhance the appeal to environmentally conscious guests but also reduce operational costs over time.
Near various amenities and local attractions, the location attracts both domestic and international travellers, offering excellent potential for high rental yield and occupancy rates. This picturesque site promises to be the ideal backdrop for a memorable guest experience, capitalising on the scenic beauty of the Algarve region.
For investors keen on capitalising on this thriving sector, this hotel project presents the perfect synergy of land acquisition and real estate development. Don’t miss this chance to create an exceptional hotel destination in one of Europe’s most sought-after locations!
• 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)
