Excellent Investment Opportunity – Amazing Resort Hotel in full management with a Yield between 5% and 6%, located at Algarve.
The Luxurious Resort Hotel with 2 Golf Courses (18 holes each) designed by one of most world prestigious and reputable golf courses designer is located in the Mediterranean coast of Algarve.
The Resort Hotel is composed of 285 accommodation units and is also composed of several luxurious leisure areas such as full-service health club with an indoor pool, Fitness centre, football pitch, tennis court and a beach volleyball court.
The Resort Hotel is currently in full management and has an Annual Income of 12 Million Euros, with a GOP (Gross Operating Profit) of 30% of the income value.
The Golf Courses is also in full management and has an Annual Income of 3 Million Euros, with results always positive, which increase the profitability of the development.
There is a possibility of getting an additional construction permit of around 15.000 sq.m which was never operated by the current owners. This is a significant potential value due the possibility of increasing the Resort area and increase the commercial operation.
The asking price for the whole development is 75 Million Euros.
This development has a Yield between 5% and 6% for the current operation, without including the potential value of the additional 15.000 sq.m of buildable area.
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