Hotel 3* in the Region of Algarve for Sale with 130+ Rooms and Suites, Long-term Lease Agreement
Property type: hotel
Purchase of established rental business
Hotel category: 3*
Room and suite capacity capacity: 130+
Location: the region of Algarve, Portugal
• within walking distance from the beach
Hotel operator: long-term lease agreement
well-known hotel operator is ready to sign a new long-term lease agreement with the new owner:
• with the possibility of a renewal option
• with indexation of yield linked to inflation
• with a bank guarantee
• hotel can also be purchased free of management (without execution of the agreement with the current Hotel operator)
Purchase price: 15,500,000 EUR
(+ closing costs)
Amenities and other defining features:
• light cozy guest rooms with personal bathroom, satellite TV, air conditioning, safe
• restaurants
• bar
• swimming pools
• sun terrace
• well-equipped conference halls
• car parking facilities
• 24-hour front desk
• luggage storage
• daily cleaning service
• laundry service
Extra information:
The hotel is in the process of being upgraded to a 4-star hotel.
