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Brand New 500 Rooms Hotel For Sale
Location: Portugal
Industry: Real Estate > Commercial and Residential Real Estate Brokers

Business Summary

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 7,000 sqm of the plot are occupied by a shopping center,still under construction (this area could alternatively be turned into additional leisure or meeting facilities).

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.
5-Selling price and further information.
As exclusive agent,we can offer on behalf of the owner,the price of 50 million euros for all the facility.If you are interested in this project ,just tell me and I will put you in touch with my partner -erd W.Bauer (GWB Hotel Consultant LDA) who is ready to provide urther information.
With my best regards
Ambassador (ret) Manuel Barreiros


Asking Price Range:  > $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  More than $70 millions usd.
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Never operational.
Reason For Selling:  The owner wants to retire.

Print Listing Id: 700139511
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