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

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Portugal, Algarve
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ID PRT63153

from €280,000

Elena Kozyrevaexpert of the Portugal residence permit program for investment
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Portugal D7 Visa

4+ months€820+

Portugal does not grant residence permits for investments in real estate under the Golden Visa program.

However, property purchase or rental is obligatory when obtaining a residence permit under a D7 visa.

Learn more

Cost

Property cost

from €280,000

Purchase taxes

IMT 0%; IMI 0,3-0,8%

State fees

0,8%

Distances

Ocean 300 m
Infrastructure 500 m
Airport 62 km

Yield and management

Yield

3.5%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

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)

Real estate

Object type

Share

Object category

Renovation

Object stage

Design

Permits

Yes

Object completion date

February 2024

Design features

Share

Characteristics

Parking

Yes

View

Ocean

Properties

Balcony
Public pool
Concierge desk
SPA
Tennis court
Garden on the plot
Terrace
Internet
TV
Restaurant

Location