Five-Star 74 Key Aparthotel New-Build Opportunity in Sines, Santa Cruz, Portugal

Location: The City of Sines, Setubal, Alentejo, Portugal. Slightly Closer to Lisbon (1 hour 40 mins) than the Algarve (Lagos)

Name: TBA

No. of Keys: 74

The Property: The plan is to deliver an Apartment condominium with hotel service and 5 Star rating, located in the most emblematic and historic area of Sines.

The final result will be 74 apartments made up of studios, one and two bedroom suites, with an outdoor and indoor heated swimming pools, Spa (massage and thalassotherapy), conference rooms, gym and restaurant. ES

Main Photo: The city of Sines

Tenure: Freehold

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: €14m – turnkey deal to be delivered by January 2021

Guide Price per Key: €190k

Date Posted: January 2020

THPT Comment: Another new-build opportunity in this interesting area of Portugal, well located in the centre of the country.

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.

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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.