4 Star Beachside Hotel - Algarve Portugal
Location Portugal
Asking Price Range $5.0M - $10.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description Beautiful and romantic beachside hotel set on one of the most popular beach destination in the Algarve. The hotel for sale boasts a year-round occupancy rate of greater than 63% & a better than 50% rate of repeat visitors, despite a lack of formal marketing activities. Overlooking the beautiful bay of in Algarve, Portugal, with its safe sandy beach only 450m away, the family - run this spectacular Hotel, is a haven of comfort and ambiance the whole year round.
The hotel has 39 rooms and 6 suites. All with balcony, satellite TV, air conditioning/heating, refrigerator, tea/coffee facility, direct-dial telephone, safe and hairdryer, Rooms fitted out for the disabled. The hotel has wheelchair access to all public areas. Outdoors you find a tennis court, heated pool, family pool, and children's playground, health club, steam room, sauna, gymnasium.
Located near picturesque villages to visit, as well as colorful markets, craft and museums.
Other activities include golf, escorted walking, fishing, cycling, scuba diving, bird-watching, horse-riding, snooker, table tennis. The hotel is only 16 Km from the Aut¢dromo International do Algarve, and less than 3 km from three major golf courses. The business is well established and has a regular, repeat customer base of local, international. Weekends are busy with groups of tourists and city visitors. Lucrative contract with leading Holiday Company. Turnkey operation with all licenses, taxes etc. up-to-date. Additional 2,000 Sqm available for development such as condominiums, which can be financed through a local, international banks.
Click Here To Contact Seller
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