Investing in the hotel development project near Praia da Galé offers unique advantages that make it an attractive opportunity. This partially constructed hotel in Vale da Parra will consist of 39 accommodation units, ideal for attracting diverse tourists. With all necessary amenities like a restaurant, lounge, and swimming pools, this project is perfectly poised to meet the growing demand for hospitality in the Algarve. The prime location, just 4 km from Galé Beach and 2.6 km from the sea, greatly enhances the hotel’s appeal to potential guests. Scheduled for completion in 2026, this investment promises lucrative returns as the area continues to develop and attract visitors. The current asking price is €12,500,000, but investors have the option to purchase it in its current shell phase for €10,000,000, allowing for versatile investment strategies. The development includes sustainable features like solar panels and mains utilities, catering to eco-conscious buyers. Don’t miss this chance to be part of a lucrative project in a beautiful region! Contact us today to discuss how to secure your future 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)
