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500 Rooms - New 4 Star Hotel - Bargain Price
Location: Portugal -> Algarve
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

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
Possible operator 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
We can offer on behalf of the owner, the price of 40 million euros for all the facility.

Ambassador (ret) Manuel Barreiros
On behalf of Hi-Management
Mobile - 00 351 937 284 979


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Old age




Print Listing Id: 700176041
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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