This remarkable property in Guia, specifically Vale da Parra, stands out with an approved project for a hotel featuring 39 residential units. Currently in shell construction, this hotel project is priced at €12,500,000 upon completion. For buyers looking to enter the Algarve hotel scene, acquiring this property now in its construction phase for €10,000,000 presents a lucrative opportunity.
The location is just 4km from the stunning beaches of Praia da Galé, making it an attractive destination for guests seeking sun and relaxation. The hotel is designed to accommodate future guests with various amenities, including a large swimming pool, a children’s pool, and ample communal areas, which are crucial in enhancing visitor experience.
Set on an impressive plot of 101,520m², this investment not only promises excellent short-term gains through tourism but also long-term profitability as the region continues to grow in popularity. Features such as mains water, drainage systems, and solar panels are already included, exemplifying the commitment to modern hotel standards and sustainability in construction.
This property is strategically located to capitalise on the surrounding tourist activities, ensuring high occupancy rates. The Algarve’s appeal to tourists from all over Europe supports a steady return on investment, making this project a wise choice for forward-thinking investors.
Seize the opportunity to develop a premium accommodation venue in one of the region’s most desirable locations. Act now and explore the potential this property holds for your hospitality investment!
• 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)
