€3,050,000

Hotel located in the heart of Faro, the administrative capital of the Algarve, comprising 30 suites distributed across 4 floors and offering a gross construction area of 908 sqm. The property has been renovated and is ready for immediate acquisition.. . Its location is one of its strongest assets, situated within walking distance of the city's main points of interest and just a 12-minute drive from Gago Coutinho International Airport, the Algarve's main gateway, handling more than 10 million passengers annually. Faro Railway Station is located 850 metres away, providing direct connections to Lisbon, Portimão, and Spain.. . The suite-based configuration allows for positioning above the standard hospitality segment and offers significant operational flexibility. The property may be adapted for hotel operations, extended-stay accommodation, corporate mobility, student housing, or hybrid income-generating models.. . Its proximity to the University of Algarve, Faro Hospital (part of the Algarve Local Health Unit), a wide range of public and private healthcare services, major regional institutions, and the Ria Formosa Natural Park supports a diversified and consistent demand throughout the year.. . The property also presents value-add potential through refurbishment and repositioning. It benefits from a valid usage licence issued by Faro Municipality and is free from any pending legal constraints.. . Property Details. . - Property Type: Building / Hotel;. - Suites: 30;. - Gross Area: 908 sqm;. - Plot Area: 245 sqm;. - Ready for Transfer: Yes.. . Distances. . - 300 m – Faro Municipal Market;. - 400 m – Algarve Regional Museum;. - 850 m – Faro Railway Station;. - 950 m – Faro Old Town / Faro Cathedral;. - 1 km – Ria Formosa Natural Park;. - 1 km – Faro Hospital;. - 1.5 km – University of Algarve (Penha Campus);. - 6 km – University of Algarve (Gambelas Campus);. - 6.3 km – Gago Coutinho International Airport;. - 9 km – Faro Beach.. . Assets of this scale and location are becoming increasingly rare within the Algarve market.. . Contact us to arrange a private presentation and discover this investment opportunity in detail.