30 Bedroom Hotel In Renovation Historic Centre Of Faro

Excellent investment opportunity in the heart of the historic center of Faro. Building intended for hotel unit, consisting of 30 rooms, distributed over three floors and basement, currently in the advanced phase of renovation, being in the finishing stage and licensing process. Its privileged location, in the historic center, provides immediate access to all kinds of commerce, services, restaurants, public transport, cultural and leisure areas, allowing all amenities to be within walking distance. Faro is a city with high demand for accommodation throughout the year, driven by national and international tourism, proximity to the airport, the university and the growing demand for accommodation by students and displaced professionals. This project represents an excellent opportunity for investors who want to complete a modern and profitable hotel unit in one of the most valued areas of the city, benefiting from a market with strong demand and high occupancy potential. Highlights: Hotel with 30 rooms; Three floors and basement; Renovation in the finishing stage; Licensing process in progress; Privileged location in the historic center of Faro; High tourist and student demand; All services, commerce and transport accessible on foot; Excellent potential for profitability and valorization. (ref PD-061700)