Share in a 5-star oceanfront resort managed by a well-known global brand

For sale is a share in a 5-star resort complex operated by the Windham hotel group, recognized as one of the leading international hotel chains. The complex is located just 300m from the beach on the Algarve coast in the town of Carvoeira on top of a cliff overlooking the Atlantic Ocean.

• 20 minutes drive from the W Hotel, which opened this year in the Algarve.
• Faro Airport: 40 minutes by car
• Portimão airport: 15 minutes by car
• Distance from Lisbon: 2.5 hours by car.

Key features of this 5-star hotel include comfortable and modern rooms with luxurious details, a relaxing spa with signature treatments, a restaurant, a bar with a terrace and a swimming pool, tennis, golf, surfing.

• Investment amount: 280 000€
• Guaranteed rental income of 3.5% for 3 years
• Developer pays property transfer tax
• The developer pays the tax for rehabilitation works
• IMT 0%
• Number of rooms: 121
• Number of investors: 298 (100 for phase 1)
• The developer plans not to close the hotel during the renovation works
• Renovation works: December 2022 - February 2024
• Grand opening March 2024
• Rent payback time: from January 2024
• No risks to complete the project (existing hotel project)