The Lisbon Moxy Park Hotel is one of a very limited supply of available €350,000 eligible Lisbon Golden Visa properties currently on the market. Since the new rules came into play this year it is no longer possible to invest in residential property in Lisbon and qualify for the Portuguese Golden Visa. Those that wish to invest in Lisbon and apply for the Portuguese Golden Visa are limited to commercial property which remains Golden Visa eligible.
While there are indeed other Hotel Projects in Lisbon that are Golden Visa eligible such projects generally require an investment of at least €500,000 to be eligible for the Golden Visa. However, as a refurbishment project an investment into the Lisbon Moxy Park Hotel requires an investment of just €350,000 (a 30% reduction on the standard minimum investment requirement).
The developer of this project is the market leader in commercial properties undergoing renovations. This Lisbon Golden Visa property is their 15th project to date which is selling out quickly, alongside their 16th project the new Lagos Marina Hotel in the Algarve.
A total of €63,000,000 in investment will be raised for this project with a total of 180 investors owning an equal €350,000 fractional share of the project.
A guaranteed buyback is offered by the developer after 6 years and the IMT Taxes and VAT on the renovation works are also covered by the developer making it the most cost effective and straightforward €350,000 eligible project on the market.
The Lisbon Moxy Park project is located in Alfragide, a neighbourhood in the Amadora Municipality of Lisbon one of the most popular shopping areas in Lisbon. The location is in easy reach of the center of Lisbon with a great infrastructure and transport system. The area is a business hub for many international companies such as Vodafone and Samsung. The Lisbon Golden Visa property hotel is also in close proximity to the Amadora Hospital, Quele National Palace and Monsanto Forest Park and the Tagus River.
Investors are entitled to a 7-day annual stay at the hotel allowing them to meet their minimum stay requirements to maintain Portuguese residency through the Golden Visa program and work their way to citizenship eligibility. The hotel itself is under Marriott’s Moxy Brand. The hotel will feature a total of 225 rooms along with a restaurant, cafe and bar.
Constructions on this Lisbon Golden Visa property starts in the first quarter of 2022 and the estimated completion date is Q1 2024.