Location: Walking Distance to Cascais City Centre, overlooking the Atlantic Ocean
Name: TBA – 4 Star
No. of Keys: 150 incl a few suites
The Property: A modern hotel, located in an upmarket area of Cascais, facing the Atlantic Ocean and Guincho Drive, a point of interest for surfers. Nearby to Estoria (biggest casino in Europe) and Sintra – a UNESCO World Heritage City and just 35 KM from Lisbon International Airport.
The hotel has an outdoor and indoor pool, wellness centre with hydromassage, sauna, turkish bath, as well as restaurant and bar. All rooms have kitchenettes and balconies.
The hotel could do with a soft refurb to bring it up to modern-looking standards. IR
Main Photo: The hotel facing the pool
Brand/Management: Flag and management in place….
Financials: Financials available upon signing of a NDA
Current Owner: Significant brand known nationally in Portugal
Agent: Local agent in partnership with The Hotel Property Company
Guide Price: €33m
Guide Price per Key: Just over €200k
Date Posted: January 2020
THPT Comment: This is a unique opportunity to acquire an ocean-view hotel in a good location in Cascais and refurb to five star standard.
Contact us for further information
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.