Newly Established Luxury Hotel for Sale in Porto, Portugal

- The business proposition consists of the sale of the land plot with a fully approved project for the development of the hotel.

- Construction license ready to be issued for the development of the hotel it is estimated a total investment of 7,8M€ + VAT.

- Estimated to last for 24 months.

- As the plot is located within the urban renovation area (ARU) of Porto Carvoeiro the project benefits from a reduction of the VAT on construction works from 23% to 6%. Golden Visa Approved.

- Our client's project is located in Portugal but we are advisors located in Dublin.

Boutique luxury hotel with a spa and a Michelin-star restaurant (project).

The land area of 4 acres, the project, and all the licenses.

Porto Carvoeiro 4* Hotel is designed on a 16,129 sqm plot, developing over 5 floors, with an overall building footprint of 1,430 sqm and a total building area of 4,805 sqm, the 67 double room hotel counts with private underground parking, with over 20 parking spaces plus 10.

Outdoor parking is spaced, an outstanding restaurant with a river view, conference rooms, and an outdoor swimming pool.

The directors of the company funded the business and they want now to sell this fully licensed project to be built nest to a marina in Douro River.

No loan under the business.