The Faro Hotel is a 4-star luxury hotel offering Portuguese Golden Visa seekers the chance to invest in a luxury hotel that will be run by one most established operators. As a refurbishment category project located in a low-density area, the Algarve Investment requires an investment of just €280,000 into hotel shares.
The Hotel
The hotel was designed with a solid architectural and design concept that emphasizes inspiring shapes, simplicity, elegance, and state-of-the-art engineering. The property will be made up 133 boutique hotel rooms, a relaxing spa, a world-class
bar and restaurant, fitness facilities, and an indoor and outdoor swimming pool. The Algarve Investment Hotel will feature a beautiful promenade next to the river in which guests can also view the surrounding beaches.
The Algarve Investment as a hotel will provide an exclusive beachside retreat attracting leisure travellers for short- and medium-length stays in the city of Faro. The hotel will also capitalize on its proximity to the airport, and serve as a luxury hotel for stopover passengers and very short-stay travelers moving to and from the Algarve.
The hotel will be Indigo branded from the Intercontinental Group, one of the leading hotel operators globally. The use of the operators hotel booking system and annual marketing will maximize occupancy rates.
The Algarve Investment
The project is calling on 145 investors to invest a total of €40.6 million into the hotel. Each investor will own an equal €280,00 fraction of the entire hotel. The developer is also offering a guaranteed buyback and 7 days of free stay during the year. On top of this, the IMT is paid by the developer along with the VAT on the refurbishment works. It is also worth noting that the IMI Taxes are also exempt on this project, so the only property taxes the investor needs to concern themselves with is the 0.8% stamp duty. The calls for investors went out in September 2022, and the project’s expected completion date is the third quarter of 2024.
The Location
The Algarve Investment hotel in Faro is located very close to Faro Airport, just 7 kilo-meters away. The airport has direct connections to many international airports across Europe and is just a 40 minute flight from the capital city of Lisbon. The city itself has some beautiful historic heritage sites of cultural importance and has all the day to day services available that one would expect from a European city. Faro has a fantastic gastronomic scene and the coastline has some beautiful Algarve beaches.
The Developer
This Faro Hotel is an Algarve Investment opportunity being delivered by the leading developer of the refurbishment category Golden Visa projects in Portugal. The developer has extensive domestic experience in Portugal, where it has completed several other Porto, Algarve, Alentejo, and Lisbon Golden Visa eligible hotels, and is currently licensing and constructing several others. In fact, this is the developer’s 18th hotel golden visa project in Portugal. The developer also has a second hotel investment opportunity on sale in Lisbon Airport with the same terms plus a 3% return – you can read about the Lisbon Airport Hotel Project here.
However, the developer’s experience goes beyond Portugal. Prior to entering Portugal, the developer raised over $1.5 billion in investment for successful commercial real estate projects and hotels in the US through the country’s EB5 Program. The company also has experience in Canadian and maintains a wealth of assets globally. This experience of successfully operating in the domestic market along with their broader global pursuits will ensure the project progresses smoothly and as expected. The developer’s reputation, influence, track record, and capital reserves make this a very secure investment.
The developer operates a proven business model in Portugal that has been extremely well received by Golden Visa Investors.
