New Build Opportunity 175 Rooms Lisbon Airport €15m

Location: 5 Minutes (2 km) from Lisbon International Airport, Good Access to CRIL, A1 North and A2 South and Vasco de Gama Bridge

Name: To Be Chosen

No. of Keys: 175

The Land/Property: Land with about 10,650 m2, building solid board construction, with an area of 10.650 M2 of construction. The project had consent for 161 rooms, which has been upgraded to 175. The hotel is envisaged as 4 stars with outdoor parking, Spa and meeting rooms. Could be transformed to service apartments.

Planning consent and licences all in place and no debt or burden on the building or the society.

Main Photo: The New Build Hotel at Lisbon Airport – imagined

Tenure: Freehold

Brand/Management: Open

Current Owner: Private company

Guide Price: Land: €15m – estimate cost of construction: €1.000€ / m2…or turnkey delivered for €24m…plus agency fees

Financials: Business plan available once LOI is submitted. The deal is an asset deal

Agent: Local agent in partnership with THPT

Date Posted: November 2019

THPT Comment: A fab opportunity to acquire this new development land for hotel group to open under their own flag.

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.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

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