46 Hectares Land, With Planning Permission For Two Hotel Sites, to Yield 180 Two-Bed Villas and 20 Hotel Bedooms in Total, Melides-Comporta, 135 KM South of Lisbon, Portugal
Location: Aberta Nova Beach, 34km South of Comporta, 194 km North of Faro Airport
Name: Open to new owner
Guide Price: €10m for land; €5m infrastructure cost; €10m plus construction costs for the two hotels…all-in around €36m
Guide Price per Room: €90k plus per bedroom
No. of Keys: 80 two-bed Villas plus 10 hotel rooms in each site – thus 400 bedrooms in total
The Opportunity:
To acquire three contiguous plots of land, with planning consent to construct a five-star, eco resort divided into two adjacent “poles” or hotel sites.
Each Pole (north and south) would make 90 two-bedroom vilas, 10 double rooms and North: Pool, restaurants, bars, vineyard and winery, leisure areas and gardens; South: Pool, restaurants, bars, lake, riding, pedagogical farm and leisure areas.
The total land area is 46.35 HA and the gross construction area will be 18,452 sqm. The total approved number of bedrooms is 400, with 278 parking spaces. The North Pole is 252,250 sqm, with an implementation area of 6,196 sqm. The South Pole is 211,300 sqm with implementation area of 5,401 sqm.
In both poles changes will be possible to the extent that the administrative authorities allow – e.g. grouping a great or lesser number of accommodations, the quantity and characteristics of the units….this is what the current owner envisaged:
S GP
Flag & Management: Open to new owner
Current Owner: Local Portuguese family
Main Photo: The big picture of the two sites
Financials: Estimated construction costs with EOI
Tenure: Freehold
Agent: Retained local agent in partnership with THPT
Date Posted: June 2022
THPT Comment: This is must-see site for anyone keen on an eco-resort site, in an area between Lisbon and The Algarve, in an area highly sought after by HNWI.
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
