Location: Lumiar, Portugal…five minutes to the airport
No. of Keys: 74
The Property: The plan is to deliver 218,436 sqm 18-hole golf course, with club-house, 100 – 120 room four or five star hotel. Construction has yet to start, but the PIP/building planning permission has been been secured. There is currently a 9-hole golf course in place, which will be extended to 18-hole.
There is also a golf-school open.
Lumiar is a district of Lisbon located north of the city, Lumiar east of Carnide, north of Alvalade, west of Olivais, and south of Santa Clara and partially of Lisbon’s border with Odivelas. IR
Main Photo: The current nine-hole golf course and school
Brand/Management: Both free to the new owner
Financials: Floorplans and outline business plan available upon production of a LOI and NDA
Current Owner: private family
Agent: Local agent in partnership with The Hotel Property Company
Guide Price: €35m delivered turnkey as finished (excluding furniture), or €12.5m as is – pre construction.
Date Posted: January 2020
THPT Comment: Great opportunity for a new-build golf hotel, close to Lisbon airport and city-centre.
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
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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.