Madeira Palace General Information
Golden Gate, one of Funchal’s most iconic buildings in the Madeira city center, will be transformed into the Madeira Grand Hotel. This 4-star superior boutique hotel is planned to be built in the historic and picturesque area of Funchal, a protected and preserved area on Madeira Island.
The Madeira Palace project will house 78 rooms spread among 6 floors. A bar and restaurant with a panoramic city and ocean view will dote the rooftop. The hotel guarantees to uphold the comfort and standards of an international hotel brand.
Portuguese Golden Visa Investment
Notably, investment in the Madeira Palace project qualifies investors for the Portuguese Golden Visa under the 350K category. It offers investors 3% guaranteed returns and buyback with IMT and VAT already included. Plus, a yearly 7-day free stay at any of the developers hotels in Portugal.
Registered investors already account for more the 25% of the availability, so time is crucial to secure your spot.
Due to the current ongoing changes on the Portuguese Golden Visa Legislation, the developer is offering a 7-day streamlined process until the final submission.
The Developer
The developer of the Madeira Palace has an extensive successful track record of developing Portugal Golden Visa properties managed by international brands. Moreover, they currently boast a portfolio consisting of many operational hotels throughout Europe. A feature owner’s can enjoy when making use of their free annual 7-day stay at any of the developers properties. The development team pride themselves on delivering high quality hospitality services to guests from around the world.
Location
The project is primely located on Avenida Arriaga, one of the oldest and most dynamic streets of Funchal. This urban center is a significant landmark of Madeira’s capital encapsulating the areas history, tradition and crafts. The avenue is made up of historic houses and traditional restaurants along narrow cobbled streets. 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 posing as 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.
