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Main / Property / Португалия /

Apartments in a hotel managed by Hyatt

Portugal, Lisbon
ID PRT54144
Object sold
Apartments in a hotel managed by Hyatt
€2,500,000

229 m² • €10 917 m²

Portugal, Lisbon
229 m²
3 beds
3 bathrooms
ID PRT54144

Cost

Property cost €2,500,000
Price for m2 €10,917
Purchase taxes IMT - 6%; IMI - 0,3-0,8%
State fees 0,8%
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Distances

14km to the ocean
13km to the airport
Infrastructure within a radius 200km

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.

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Real estate

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

Total area 229 m²
Total area
Number of storeys 4
Floor 2
Rooms
Bedrooms 3
Baths 3
Parking Yes
Parking type
Number of parking spaces
Repair Standard
Furniture Furnished
View city, river, garden
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Equipment

Properties

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

Location

Object sold
€2,500,000

229 m² • €10 917 m²

Zlata Erlach investment
programs expert
Portugal Golden Visa

Real estate is eligible for participation in the program and obtaining a residence permit in Portugal.

Immigrant Invest is the official representative of the program.

€250,000+ Investment amount
2-6 months Obtaining period
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Schedule a meeting

Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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