Investing in a hotel near Praia da Galé and Albufeira represents an exceptional opportunity for savvy investors looking to capitalise on the booming Algarve tourism market. This specific project in Vale da Parra, which is currently in shell construction, is set to define luxury and modern accommodation in the region with an asking price of €12,500,000 upon its completion in late 2026.
Located only 4km from the famous beach and surrounding attractions, this property includes an approved design for a 4-star hotel with 39 residential units, solidifying its potential within the competitive hospitality sector. With modern design elements and features like a large swimming pool, a children's pool, and an assortment of public spaces, the hotel is poised to attract diverse guests from families to couples seeking a getaway.
The extensive plot size of 101,520m² not only allows for a substantial structure but also presents opportunities for landscaping and additional amenities that enhance the guest experience. With the Algarve being a top holiday destination, the demand for quality accommodations is ever-increasing, ensuring solid occupancy rates and potentially substantial profit margins.
Additional benefits include environmentally friendly construction practices, with solar panels already in place to facilitate sustainability. This forward-thinking approach resonates with today’s travellers who often prefer eco-conscious choices.
Seize this opportunity to establish a lucrative investment in an area renowned for its natural beauty and vibrant tourism. For those ready to explore the potential of this development, don't hesitate to reach out and learn more about this exceptional property 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)
