FOR SALE - Hotel chain in Algarve, Portugal, including 2 hotels with 4-star rating and one with 5-star rating.
The price is € 105,000,000 for the 3 hotel chain.
The sale of this hotel chain has received a lot of interest. We have documented exclusivity. The property still holds a small mortgage which would be settled at the Notary.
The 3 hotels are located in the Algarve, the Southern most region on the mainland of Portugal. Algarve, with beautiful beaches and natural landscape, is visited every year by more than 9 million tourists. Most tourists come for Portugal, the United Kingdom, Spain, Germany, the Netherlands, Ireland, France and Scandinavia.
Description of 5* Hotel
This hotel, in the Algarve, is in the five-star category. It has the ideal geographical location for visiting many tourist attractions.
The hotel built in 2011 has 209 Twin/Double rooms, 4 Suites and 7 Premium Suites with own pool. Almost all of the rooms are overlooking the sea. The hotel also has a fully equipped conference room for business travelers.
Parking is available both indoors and outdoors. For relaxation the hotel has a TV lounge.
The rooms are stylish and modern and are equipped with air conditioning, heating, direct dial telephone, satellite LCD TV, mini bar, coffee & tea facilities, hairdryer and safe.
The hotel has 2 restaurants with seating both indoors and outdoors. There are 2 snack bars and a Bar for drinks. The facilities of the hotel include a Spa with indoor heated pool, Jacuzzi and Turkish bath. For sport enthusiasts the hotel Spa offers a fully equipped fitness center and for golfers several golf courses are located nearby. The hotel has 2 outdoor pools and one of the outdoor pools has a sun terrace.
Description of Hotel 4*
This hotel, built in 2002 and refurbished in 2015, is located just 100 meters from the beach, 300 meters from the casino and a 40-minute drive from Faro International Airport. The hotel has underground parking and offers bicycle rental. There are also several golf courses nearby.
The hotel has 313 junior suites, 46 suites and 7 master suites, total 366 rooms some with a balcony or views of the Atlantic Ocean. All suites have air conditioning/heating, satellite TV, mini bar, direct dial telephone, safe, bathroom, hair dryer and balcony. The rooms are large and spacious ideal for families or friends.
Hotel facilities include indoor and outdoor pools, hot tub, sauna and a modern gym. The reception is open 24/7. The restaurant is large with both interior and outdoor areas for dining. The bar is well stocked and offers a variety of drinks throughout the day.
Description of Hotel 4 *
This family friendly hotel was built in 2002 and fully refurbished in 2016.
The hotel is located just outside a picturesque village just 2 km from the beach and 75 km from Faro International Airport. It offers free parking and has a car rental service. The hotel has 144 rooms including some connecting family rooms, 8 junior suites. All rooms have air conditioning/heating, satellite TV, mini bar, direct dial telephone, safe, bathroom, hair dryer and balcony. Some rooms have panoramic views to the outdoor pool or views of the gardens.
The hotel restaurant overlooks the lush garden, serves a buffet of international cuisine, while the bar serves drinks and snacks. All inclusive packages make this hotel an excellent choice for a relaxed and carefree vacation.
The hotel facilities offer a Fitness center, Indoor pool, Sauna and Turkish bath with garden views as well as a children’s pool and a multipurpose/games room.
The interested buyer has to send a company profile and the proof of bank.