Brand New 500 Rooms Hotel For Sale

Listing ID: 700139511

Listing Title: Brand New 500 Rooms Hotel For Sale

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Industry: Real Estate

Industry Segment: Commercial and Residential Real Estate Brokers

Country: Portugal

State / Province:



Asking Price Range: > $35.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2010

Number of Employees: 1 - 3

Business Description:
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

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