Location: Santa Cruz, Torres Vedras, Portugal. One hour drive North of Lisbon Airport
No. of Keys: 74
The Property: The plan is to deliver a four-star hotel, with 20 apartments by 2022, with parking for hotel residents and the public. The total area is 11,592 sqm, divided into four plots, of which the hotel plot is €4,603. There is plans for four pools.
Planning permission – PIP has been applied for and this should be granted in the next 30-60 days. ES
Main Photo: The hotel location in Santa Cruz
Brand/Management: Both free to the new owner
Financials: Architect’s floor-plans and plot layout, with visuals available upon signing of a NDA
Current Owner: Local family
Agent: Local agent in partnership with The Hotel Property Company
Guide Price: €5m for the land as is or a turnkey deal for a further €13m – €18m fully finished and delivered.
Guide Price per Unit: €130,000
Date Posted: January 2020
THPT Comment: Another new-build opportunity, in this interesting part of Portugal, north of Lisbon.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.