$3,017,613

Hotel Lot | 4,329 M² Of Construction | Indicative Project For A 4 Hotel With 67 Rooms

  • 46,597 Sqft
  • 43,142 Sqft lot
  • Updated: August 20

About the Property

Important note: Some images lack urban confirmation as they were generated by AI.

Reference Hotel Lot - 4-Star Indicative Unit with 67 Rooms

This lot corresponds to the reference hotel asset in the portfolio, standing out for its tourist vocation, constructive scale and potential for operational development. With a potential construction area of 4,329 m², it has indicative capaci
Important note: Some images lack urban confirmation as they were generated by AI.

Reference Hotel Lot - 4-Star Indicative Unit with 67 Rooms

This lot corresponds to the reference hotel asset in the portfolio, standing out for its tourist vocation, constructive scale and potential for operational development. With a potential construction area of 4,329 m², it has indicative capacity for the creation of a 4-star hotel unit, consisting of approximately 67 rooms.

It is an asset with a clearly differentiated profile compared to the other lots, assuming a specific vocation for the hotel, tourism and income exploration sector. Due to its size, framework and functional potential, this lot is especially suitable for hotel developers, tour operators, investment groups or specialised investors looking to develop a product that generates recurring operating income.

Its scale allows the prospect of creating a structured hotel unit, with the capacity to integrate accommodation areas, common areas, support services, reception, technical spaces and any complementary valences associated with a qualified tourist operation. The indicative number of rooms gives it a relevant operational dimension, allowing it to position the future development in a tourist segment with consistent demand potential.

In the context of Quinta da Correeira, this plot is the anchor asset of the complex, due to its hotel nature, building capacity and potential for economic dynamism. Its implementation may contribute to strengthening the attractiveness of the area, creating an organised tourist offer, complementary to the residential component and aligned with the urban and tourist vocation of the surroundings.

The reference value assigned to the lot results from a commercial reading based on its hotel potential, the available building capacity, the indicative number of rooms and its strategic relevance within the portfolio. These factors give the asset a unique positioning, oriented towards investors with a medium and long-term vision and the ability to develop a differentiated tourism operation.

The effective development of the hotel unit must, however, be subject to urban, technical, registration and licensing validation by the competent authorities, in order to confirm the applicable parameters, the final program, the execution conditions and the full feasibility of the project.

In summary, this lot represents a strategic opportunity for the development of a reference hotel unit in Quinta da Correeira, combining scale, tourist vocation, income potential and capacity for appreciation in one of the most relevant assets of the set.
Energy Rating: Exempt
#ref:MC_56
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  • Property type

    Land

  • Price/sqft

    $64

  • Emissions

    NI

  • Consumption

    X

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Avenida da Correeira, Olhos de Agua, Algarve, Portugal View on Google Maps
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Algarvedreamproperty

Joined 7 years ago
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Algarvedreamproperty
Faro, Portugal
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64
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2019
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Algarvedreamproperty
Albufeira e Olhos de Água, Faro, Portugal
View agency profile
Last updated
August 20
First listed
June 19
Listing reference
MC_56-0526113396
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