HOTEL, new 4 stars 500 rooms for sale in Algarve - Porutgal
AS A BUSINESS FACILITATOR,MY COMPANY HI-MANAGEMENT, HAS THE EXCLUSIVE RIGHTS AS AN AGENT OF THIS FABULOUS PROPERTY.WE ARE NOW LOOKING FOR AN INVESTOR INTERESTED IN BUYING THE FACILITY.
FOLLOWS A SHORT DESCRIPTION OF THE HOTEL:
Armação de Pera is a sea resort in Algarve (Portugal) and one of the most
popular tourist destinations in Europe.The International airport of Faro is
54 km away.The Algarve has been a magnet to most discerning golfers for
many decades.It is famous for its spectacular scenery along a fabulous coast
line and features about thirty challenging,mostly picturesque,golf courses.
According to to Portuguese Tourist Office,Algarve receives 44 % of all overnights
in Portugal and registers a continuous increase in demand.
2- The Hotel
The hotel is situated on a 29.000 sqm plot,approx. 200 meters from the sandy
beach of Armação de Pera.The hotel has not been fully completed for operation
yet,whilst the general construction has been finished,most parts of the public
areas (lobby,restaurants,bars)and the back of the house need to be decorated
and furnished (with the exception of the guest rooms which are fully furnished).
Approx 7000 sqm of the plot are occupied by a shopping center,still under construction (this area could alternatively be turned into additional leisure or
The building is formed by two blocks with 9 floors each,interlinked at the two
naves by a central building with four floors,where the main entrance and public
areas are located.The finishing is of high quality (granite,wood panels,american
oak)and give to the entire project a very elegant ambience.
3-Summary of the guest rooms,restaurants/bars and other facilities.
-465 regular guest rooms
-38 suites (mostly two bays)
-14 rooms for handicapped
-1 dining room with ca. 500 sqm
-1 dining room with ca. 350 sqm
-1 lobby bar
-1 pool bar
-1 meeting room with ca 190 sqm
-Underground garage for 140 cars
-2 outdoors pools
-1 tennis court
-Possibility to construct an indoor pool
4-Operation of the hotel
We have identified a potential operator who has gained significant experience
in operating hotels in Portugal.The operator would be willing to take equity in
the project,should the investor wish this.
With some basic modifications the property could become a luxury retirement place for
Middle and upper class senior people.Also there is the possibility of establishing a Casino in the hotel.
5-Selling price and further information.
As exclusive consultant to the owner,we can offer on behalf of the owner,the price of 60 million euros for all the facility.If you are interested in this project ,just contact me.
With my best regards
Ambassador (ret) Manuel Barreiros
On behalf of Hi-Management
Mobile – 00 351 939 678 337
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INFORMATION ABOUT THE BUSINESS
Real estate Business Type
Location state (US only)
armação de pera
Selling only assets? (When business is closed)
1 - 5 people
0 - 1 Mio. US $
Not applicable (startup or asset Sale)
Asking sales price range
40 Mio.-50 Mio. US$
Asking sales price in US$
83 Mio. US$
Active, running business is included in selling price?
If leasing/renting, monthly rate in US$
Management could stay?
Independent Valuation Report avalible
Company presentation availible
Market research availible
INFORMATION ABOUT POSSIBLE DEAL STRUCTURE
Business Transaction Form
Sell/Buy commercial real estate
Seller looks for these buyer types
Private, individual Investor
Other Buyer Type
Seller is owner of the Business
Seller wants to be contacted by brokers?
Seller financing available?
Seller accepts finders fee?
Sellers Reference Number
Pitures of the project
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