Service Building In Alcântara With Approved Project For A 15 Unit Aparthotel

Service building located in Alcântara, Lisbon, with an approved architectural project for the development of a 2-star aparthotel comprising 15 tourist accommodation units.

The property will be sold in its current condition, with no construction works carried out. The licensing process is at its final stage, with only the specialist engineering projects still to be submitted before the construction permit can be issued.

The photographs show the building in its current condition. The 3D images were created based on the approved architectural project and are intended to illustrate the concept and potential of the future aparthotel.

This is a real estate investment opportunity in Lisbon, particularly suitable for investment funds, hotel operators or private investors interested in developing a hospitality asset in a strategic area of the city.

Main project features:
- 15 tourist accommodation units: 14 studios and 1 one-bedroom apartment;
- usable areas ranging from 19 sq m to 32.5 sq m;
- some units with private balconies or terraces;
- gross construction area: 965 sq m;
- building volume: 3,116 cubic metres;
- 4 floors above ground and 1 basement level;
- panoramic rooftop terrace;
- project without private parking.

The rooftop terrace offers potential for the creation of a rooftop lounge, breakfast area or shared social space for guests, enhancing the attractiveness and distinctive character of the aparthotel concept.

Strategic location — Rua Rodrigues de Faria, Alcântara

The building is located in an area undergoing significant urban regeneration, approximately a five-minute walk from Allo Alcântara Lisbon Offices, one of Lisbon’s newest business and technology hubs.

Nearby landmarks and amenities include:
- LX Factory;
- CUF Tejo Hospital;
- Alcântara Docks;
- the Tagus riverfront;
- fast access to central Lisbon.

The location benefits from tourist, corporate and international demand, strengthening the project’s occupancy and value appreciation potential.

The approved project allows for the development of a modern urban aparthotel with efficient operations and potentially reduced operating costs through solutions such as:
- digital check-in;
- automated booking management;
- periodic cleaning;
- essential hotel services.

With the architectural project already approved and the licensing process at its final stage, this asset significantly reduces planning risk and allows the investment development process to move forward more quickly.

Projects with these characteristics and in this location are becoming increasingly rare in the Lisbon market.

Complete project documentation, floor plans and technical information are available upon request.