Hotel Baia Crystal, Portugal, Carvoeiro, €280,000, Golden Visa Project
The Hotel Baía Cristal will be a five-star hotel with 121 rooms in the Algarve region of Portugal. The property is Algarve Golden Visa eligible and is available to investors from €280,000.
This is a renovation project that will turn the hotel from a four-star hotel into a five-star hotel. Since the hotel is currently operational, there is no risk of failure. The renovated property will have 121 guest rooms under a world-class brand.
The hotel is situated on a beautiful hilltop overlooking the Atlantic Ocean. In addition to being close to a perfect shoreline, the property is just 300 meters from the spectacular Vale Centeanes Beach. The hotel amenities include a terrace restaurant, a beautiful Seaview bar, tennis courts, and other amazing on-premise facilities. Vale de Milho Golf Course is less than a kilometer from the property. The hotel premises also include a spa offering full-body massages.
The hotel also includes a live house for live music and a recreation room for entertainment.
Investment in the hotel is available for €280,000. Rental income from the property is expected to generate 3.5% of the property price. From the fourth year, investors can benefit from additional revenue generated from the hotel, up to 70%, which will be disturbed equally to all 298 investors.
The hotel property is just 40 minutes from Faro Airport and 15 minutes from the regional Portimão Airport. The property is accessible to the well-established national highway system and is just two and half hours from Lisbon by car
The hotel is located in Portugal’s Algarve region, the beautiful stunning and scenic region in southern Portugal. The area has a mild and comfortable climate all year round, and many have compared the climate to southern California.
The area is famous for its diverse natural terrain, scenic harbor towns, world-class dining, and golf courses. Half of Portugal’s golf courses are located in the region, and it’s a popular tourist destination for golfers.
The regional capital, Faro, is a city with rich culture and history that offers a diverse range of dining, shopping, and entertainment experiences. Faro Airport ensures that the region stays connected to Lisbon and the rest of Europe, and the well-established national highway system keeps the region connected everywhere domestically.