€6,000,000

Stretching across an area of more than 140,000 m2, this plot of land is set in one of the most beautiful landscapes and tranquil regions of the Algarve, located just a 15 minutes drive away from Faro Airport, and the cities of Loulé and São Bras de Alportel. The plans approved by the Council Hall allow for one self-contained hotel building for a 4- or 5-star hotel, with a total area of almost 25,000 m2 and an overall construction-area of more than 19,000 m2. Contained in this area would be 146 keys/units to let, consisting of 83 apartments, most of them with a senior suite and a junior suite, with a total of 312 beds available for hotel usage. In addition, generously proportioned areas are planned for: 7 different restaurants and concert hall, conference rooms, spa / relaxation rooms, gymnastics, indoor / outdoor swimming pool, water landscape, underground garage, a 9 holes par-three golf course directly alongside the hotel, with a separate Golf-House and Golf Restaurant and tennis courts. This is a unique opportunity to create a lovely resort in the countryside. If you are looking to invest in the Algarve, book your viewing today. The feature(s)/equipment(s) mentioned in this description, are subject to verification and agreement between the prominent vendors and buyers. Energy Rating: B