€3,050,000

This building, located in Faro, Algarve, is a hotel currently undergoing renovation, consisting of a ground floor and three additional floors.

Situated in the heart of the city, it boasts an excellent location within walking

Floor distribution:
- 1st, 2nd, and 3rd floors: Comprising a total of 30 suites (10 per floor), currently in the final stages of renovation. Some of these suites feature spacious balconies with unobstructed views and/or views of the park gardens.
- **Ground floor:** Offers the potential for commercial spaces with a total area of 227m².

General features:
The building consists of 4 floors, with a total of 30 rooms, each equipped with a private bathroom. It is being fully renovated and modernized, with the renovation project expected to be completed by early 2025.

Extras:
The acquisition of this hotel also includes the associated company linked to the business venture.

Faro, the capital of the Algarve, is a vibrant city located in southern Portugal. Renowned for its rich historical heritage, Faro stands out with its charming walled old town, known as the 'Cidade Velha,' featuring cobblestone streets, historic churches, and Manueline-style buildings that invite exploration.

The city also serves as the main gateway to the region, with Faro International Airport just minutes from the city center. Surrounded by the natural beauty of the Ria Formosa, a protected lagoon system with islands, beaches, and abundant wildlife, Faro is a popular destination for both culture enthusiasts and nature lovers.

With its welcoming atmosphere, excellent cuisine, and easy access to other Algarve towns, Faro offers a perfect blend of tradition, modernity, and leisure.
Energy Rating: E
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