Hotel in city Lagos
25000.00 sq.m., 738 bedrooms

€ 90 000 000
A package offer of three hotels, with high profitability, in the Algarve region.
One hotel is "five stars" on the first line from the sea and two "four star" hotels, near the beach. The total number of rooms is 738. All the hotels are newly built, the four-star hotels have been renovated in 2015 and 2016. Hotels with swimming pools, restaurants, next to the golf courses.
Algarve is an economic and statistical region in southern Portugal. Includes Faro County. Territory - 4995 km ². The population is 451 006 people (as of 2011). The administrative center is the city of Faro. In the 1960s, the Algarve became popular as a holiday destination, especially among tourists from the UK. Since then, apart from the British there regularly spend holidays Germans, Dutch and Irish. Many own real estate in the region. In addition to the picturesque places and many beaches there is a network of golf courses. In total there are 34 international-level golf courses. In Vilamoura there is the Golf Academy. Twice, in 2013 and in 2014, the Algarve was recognized as the best golf resort in the world. The Algarve is a very popular place for religious tourism. Each year, its holy places attract many pilgrims, Catholics.
The cost of three hotels is 90 000 000 euros. Profitability - 6.2% per annum. Each hotel can be purchased separately. The documents are ready for the deal. Additional information, including the cost of each of the hotels, is provided upon request and upon signing by the LOI as a potential acquirer.

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