Investing in this shell-constructed hotel in central Algarve is a unique opportunity, as it provides the canvas for a profitable business tailored to current market trends. Priced at €10 million, it is set on an expansive 100,000m² plot, promoting potential future business growth. The project includes 39 accommodation units, making it ideal for the current tourism boom in this region, particularly due to easy access to popular destinations like Galé beach, located just 4 km away. Key features include sustainable amenities such as solar panels and mains drainage, essential for an eco-conscious clientele. This investment not only offers a path to guaranteed rental income but also allows investors to influence the final design and functionality of the hotel, enhancing its competitive edge. Furthermore, the growing popularity of rural hotels presents a prime investment opportunity in an area known for its stunning landscapes and vibrant culture. Seize this chance to transform this development into your next successful venture—contact us to learn more!
• 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)
