Palace Hotel in Funchal with 350,000 Investment, 3% returns and Buyback
Golden Gate, one of Funchal’s most iconic buildings, will be transformed into a 4-star Superior Boutique Hotel in the city center called Madeira Grand Hotel.This 4-star hotel is planned to be built on Madeira Island in the historic and picturesque area of Funchal that is protected and preserved.
This project will consist of 6 floors and have around 78 rooms. Additionally, there will be a rooftop bar and restaurant with a panoramic view of the city and the ocean, and the hotel will uphold the comfort standards of an international hotel brand.
Portuguese Golden Visa Investment
This hotel qualifies for the Portuguese Golden Visa under the 350K category, offering 3% guaranteed returns and buyback. Investors are also benefited with IMT and VAT already included. Additionally, there is a 7-day free stay available at any of the developer’s hotels in Portugal.
This project already counts with over 25% registered investors so, time is crucial to guarantee your spot.
If you’d like to understand in which step the endind of the Portuguese Golden Visa currently is, send your inquiry and a member of our team will get back to your with personalized assistance.
The developer of the Madeira Palace has an extensive track record of success in developing Portugal Golden Visa properties that are managed by international brands. Moreover, they currently have a portfolio consisting of many operational hotels throughout Europe, which will be great for owners when they want to make use of their 7 free annual owner’s nights at one of these amazing properties. The development team prides themselves on delivering high quality hospitality services to guests from around the world.
The origins of this phenomenal location date back to the Miocene period, about 5 million years ago, when volcanic eruptions occurred in the western part of the Atlantic Ocean. The project is located at Avenida Arriaga, one of the oldest and most dynamic streets of Funchal.
This urban center is a significant landmark of Madeira’s capital as it encapsulates the history, tradition, and crafts of the area. The avenue is characterized by narrow cobbled streets and historic houses, along with traditional restaurants. The entire stretch of the avenue is paved with traditional Portuguese cobblestones and is shaded by magnificent century-old trees.
Golden Gate is a historic building at the center of Funchal that has been a gathering site for both locals and tourists over the years. In 1933, Ferreira de Castro, a well-known Portuguese novelist, popularized the phrase “The Corner of the World,” which has since become a significant part of the town’s heritage.