Four-Star 115-Key Suites, Apartments & Bungalows 20-Year Sale & Leaseback Madeira Island, Portugal
Location: Prazeres, Madeira Island, Portugal
Name: TBA
Guide Price: €15m
Guide Price per Key: €130,435
No. of Keys: 97 residential units – studios and one bedroom apartments PLUS 8 two-bed bungalows
The Opportunity:
This four-star Prime Green Hotel was constructed in 1993 and the kitchen and restaurant renovated in 2018. The hotel is attractively designed with 97 residential units, spread over the main house and ancillary apartments built in terraces into the hillside. All rooms have a sea view.
The studios are mostly in the main house, which have a combined living room/bedroom, a kitchenette, a bathroom with hairdryer, a balcony with sea view, a heating system, a satellite TV, a DVD player, a telephone and a rental safe.
The one bedroom apartments are equipped like the studios, just more spacious, with a separate bedroom, separate kitchen with a dishwasher, a table, a seating area and a balcony with sea view.
The bungalows, in the first row, with a terrace, a garden and a wonderful view of the sea and the cliffs. They are furnished like the apartments. There are two residential units next to each other per bungalow.
In the main building you can find the reception, the restaurant Scarpetta with à la carte service, a bar, a beautiful outdoor terrace, a cozy fireplace room, a lounge, a reading corner, a games room, a conference room, a yoga room, an indoor pool and a jacuzzi. The outdoor swimming pool with sunbathing area and pool bar, a tennis court and badminton court.
The site is approximately 30.000 sqm, with a well-tended garden with over 400 endemic plant species invites guest to delight themselves with nature and silence.
The Terrasse, is an agglomeration of land property used for outside arrangements, patio, pedestrian access, parking, sports infrastructures, recreational and leisure infrastructure, with a total estimated area of 11.700,00 sqm. JBE
Flag & Management: The sale is conditional on a 20-year sale & leaseback proposition
Current Owner: A private family
Main Photo: The aerial view of this property
Financials: Business proposition after submission of an EOI
Tenure: Freehold, with lease
Agent: Local agent in partnership with THPT
Date Posted: December 2021
THPT Comment: A truly fab setting for this property on the island of Madiera, known for it’s 3,000 hours of sunshine each year!
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.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email [email protected]
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.
