Site, With Planning permission for 18 Suite Boutique Hotel, Available in Alentejo, Portugal
Name: Open to Buyer…Working Title: Hotel 110 Alentejo
Guide Price: Investment or Outright Sale: €5m+
No. of Keys: 18 Suites
The Opportunity: Our client owns the plot of land, of around 6.4 hectares in size, with a construction size of 1,830 sqm. The planning licence is to build a boutique 4* hotel with 18 suites, common areas, restaurant, bar, small meeting room, terraces, pool, fitness centre and other sports facilities.
The feel of the finish the owner envisages
There will be three room types: Standard Suites: Four in the main building, 47 sqm; Deluxe Suites; Twelve in lodges, 67 sqm, half of them with private plunge pools and two bedrooms; Two further Suites in the main building, 67 sqm. All will have separate lounge areas.
The materials to be used
The idea is to construct an intimate resort, incorporated in the nature of Alentejo, where clients can enjoy health, fitness & yoga retreats. They planned to finance the project through an application of subventions P20/20, but due to Covid-19 it is unclear if these funds will still be available and hence why the owner is looking for alternative forms of finance.
The cost of the land is €1m and construction will be around €3m, plus interior fittings and the owner is looking either for investors or a outright buyer. Building can commence straight away and should take around 18 months to opening.
The site is 14 km from the sea (Santo Andre), and 130 km south of Lisbon/Airport. Faro airport could also be used.
The owner’s vision: “Small Resort celebrating the natural splendour and climate of the
open rolling plains that Alentejo is famous for… The Resort will invite nature in and frame the natural surroundings…Luxury is in the Simplicity ”
Blending with and into nature, both the aesthetic side as well as the technical part: ecological
construction, self-efficient, renewable energy, isolation:
– Furniture will be accessories and will only come to sublime the architecture and nature
– Solar panels to supply the hotel with electricity
– Electric charging for cars
– Timeless architecture
– 4 Seasons resort, attractive in the summer and then again in the winter.
The design takes it’s inspiration from the Arijiju Kenyan architecture
The Costa Vicentina, Portugal’s most south-westerly point, is the fastest growing area in tourism in Portugal with hotspots being Comporta and Melides…. an ideal holiday destination as the area emphasises nature, eco-chic, cuisine with local grown ingredients. KV
Main Photo: The plot of land secured
Tenure: Freehold