Portugal Golden Visa Hotel Investment in Porto at €350,000
The Marriott Renaissance Hotel in Porto provides a unique opportunity for investors to qualify for the Portuguese Golden Visa with an investment of €350,000 into a Portugal Golden Visa Hotel Investment backed by one of the world’s most reputable hotel chains.
The 5-star hotel will be made up of 163 rooms and suites, highly equipped gym, a high end restaurant and conference rooms and a roof top pool featuring stunning views over the city skyline.
Lapa Renaissance Hotel, Porto – Portugal Golden Visa Hotel Investment
The Lapa Renaissance is situated on top of the hill overlooking Porto’s stunning skyline. The hotel is in walking distance of the cities most historic and religious buildings including Lapa’s Church and The Clerigos Tower.
Lapa I (Sold Out)
The developer previously raised a total of €26,250,000 with 75 investors purchasing €350,000 freehold shares in the hotel with an appraisal value of €56,000,000. Investors were offered a guaranteed 3% returns per annum, a 7 day annual stay at the resort and a guaranteed buyback after 6 years.
Lapa II (Now Available)
The demand for this Portugal Golden Visa Hotel Investment certainly exceeded the availability with the developer deciding to expand the Hotel and build a further 76 4-star hotel rooms, while adding a second lobby area, another gym and pool, plus a luxurious spa and lounge area.
95 new investors will be invited to purchase €350,000 freehold shares in the hotel. However, this time around, not only are investors being offered a guaranteed buyback, a 7-day annual stay and 3% returns, but the developer is also covering the VAT on the renovation works along with the IMT Taxes as additional incentives.
This project is being delivered by the leading developer in Portugal for renovation category projects. The company owns 50% of the market share with the Lapa Renaissance Hotel their 12th project in Portugal. The developer has a solid track record in both Europe and North America. In fact prior to Portugal the developer raised $1.5 Billion USD in EB5 Projects.
How is this Portugal Golden Visa Hotel Investment an eligible project at €350,000?
While the Portuguese Golden Visa went through some significant changes at the start of the year. While it is no longer possible to invest residential property in Porto or Lisbon (and much of the Algarve) it is still possible to purchase commerical property in these cities. As a hotel project with a touristic license this project remains fully Golden Visa eligible in 2022.
Portugal Golden Visa Hotel Investments in which the property is over 30 years of age OR located in an area of urban rehabilitation and due to undergo renovations allow investors to qualify for the Golden Visa with a minimum investment of €350,000.
The developer also has on the sale the Hilton Lagos Marina Hotel with hotel shares sold at €280,000 (no returns) and The Lisbon Moxy Park Hotel with hotel shares at €350,000 with 3% returns.