Apartments in a hotel managed by Hyatt

Apartments in a hotel managed by Hyatt
Portugal, Lisbon
ID – PRT54144
Price
from 770 000 €
Size
from 81 m²
Beds
1-3
Bathrooms
1-3

Price

Selling price 770 000 € - 2 500 000 €
Cost m² 9 615 € - 9 506 €
Purchase taxes IMT - 6%; IMI - 0,3-0,8%
State fees 0,8%

14km

to the ocean

13km

to the airport

200km

infrastructure

Profitability and management

Real estate yield (year) 3 - 5%
Property management Yes

Assistance in the sale of the object upon exiting the investment!

Description

The project is represented by a hotel complex managed by one of the largest hotel brands Hyatt, consisting of 108 luxury apartments on the banks of the Tagus River, not far from the center of Lisbon. The ideal location of the project will allow you to enjoy the historical, cultural and gastronomic delights of the city. The hotel will have direct pedestrian access from the river side via the bridge.

There are luxurious apartments with modern design with breathtaking views of the river. The residences consist of fully furnished studios and 2 and 3 bedroom apartments, each with a large balcony overlooking the river. The hotel has a rooftop restaurant and bar with great views, spa, fitness center, meeting rooms and parking.

Investment model:

  • Property management by Hyatt Regency brand for 20 years
  • Minimum guaranteed return on investment
    a) 3% in the first 10 years
    b) 5% in the first 5 years (not available for 3 bedroom apartments and all 3 floor units) guaranteed
  • Owners use their property for up to 4 weeks per year with a limited usage to a maximum of 1 week in July/August and a maximum of 1 week in December/January

By purchasing real estate in freehold, the investor receives it in full. He enters into a binding lease for 20 years. During these 20 years, the owner has 4 weeks to stay in a year, the rest of the time the object is placed in the rental pool. The distribution of income is calculated among all owners according to the area of each apartment in the global rental pool population (even if your own apartment is not rented out, you will receive income).

Income and expenses:
Net revenue is calculated as follows – gross revenue minus all expenses, including:
– Operating expenses and management fees
– Condominium Fees
– Reserve fund
– Insurance

All income and expenses are collected and paid by the management company. The management company prepares monthly reports for owners with a detailed breakdown of income, expenses and net distribution per owner.

The property

Object type Hotel complex, Apartments
Object category New house
Object stage Construction
Permits On hand
Object completion date May 2022
Design features Ownership
Possibility of stay 4 weeks per year

Characteristics

Total area 81 m² - 260 m²
Number of storeys 4
Floor 1, 2, 3, 4
Living space 65 м² - 189 м²
Closed veranda area 17 м² - 71 м²
Bedrooms 1-3
Baths 1-3
Parking Yes
Repair Standard
Furniture Furnished
View city, river, garden

Equipment

Properties

Elevator Сovered deck Public pool
Concierge desk SPA Gym
Roof garden Security Terrace
Internet TV Restaurant

Location

Portugal, Lisbon

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Svetlana
Gorchakova

Sales Director