Hotel in city Monte Gordo
15000.00 sq.m., 366 bedrooms

€ 41 170 000
A four star hotel in Monte Gordo (Algarve).The hotel was built in 2002 and modernized in 2015. The hotel has 366 rooms, including 46 luxury rooms and 7 premium suites. On the territory of the hotel there are: swimming pool, gym, sauna, hydromassage, restaurant and cafeteria. There is a service for renting cars and bicycles. Around the hotel there are several golf courses.The hotel is located five minutes walk to the beach.The resort town of Monte Gordo is located 55 kilometers east of Faro, near the border with Spain in the territory of the Ria Formosa Reserve. Due to the wide sandy beaches, the ocean here is 1-2 degrees warmer than on the rest of the Algarve coast. Monte Gordo is one of the first resort settlements in the Algarve, so it did not have time to experience the influence of low-rise resort architecture, and residential buildings and resort hotels are high-rise buildings. Closer to the coastline, the altitude declines, hotels give way to restaurants, bars and casinos, with most of which have a terrace overlooking the ocean. The main street of the city separates the beach and the embankment from residential areas, immediately after it begins a wide walking area with palm trees and benches, and afterwards - numerous beaches. The local landscape is pleasantly diluted by bright fishing boats and colorful beach umbrellas. The resort has a casino and a picnic area with a pleasant shade from fragrant pines.The cost of the hotel is 41 170 000 euros. The documents are ready for the deal. Additional information is provided upon request and upon the signature of the NDA and LOI by the potential acquirer.

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