GRC1127 - Algarve PLOT and Approved PROJECT for Suite Hotel ::

  Land | Alvor, Algarve, Portugal


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Price:
Status:
Lot:
EUR 18,000,000
Active
69000 SQM
Property Description

Price : € 18 million

Plot : 69.000 m2 ( 6,9 hectares)

Construction area : 44.000 m2 (including public areas) (ca. 27.500 m2 for the suites)

Total units SUITES / APARTMENTS : 402 un. that can be sold individually ( meaning a fast return of investment) and ( through a renting contract) can be administrated as a suite hotel.

• Reception

• 2 x Restaurants

• 2 x Bars

• Business Center / Conference Room : 900 pax

• SPA area : 1.000 m2

• ( Interior swimming pool, massage room, medical services,…)

• Exterior swimming pool

• Children swimming pool

• Children playground

• Laundry

• Security service

• Tennis court

• Garden with lakes and walkways