90% Complete Hotel Project & Redevelopment Opportunity in Loulé, Portugal

This listing presents a significant opportunity to acquire a 90% complete hotel project located in Loulé, Portugal. The property, a redeveloped rural farmhouse, has been expanded to include 32 additional hotel suites, spa facilities, function rooms, an indoor pool, bistro, restaurant, and staff accommodation. It is licensed as a 4-star resort. The project boasts 4000 m2 of built area, with fitting work remaining, and an additional 10,000 m2 of unused building permit, offering substantial room for expansion or alternative development. The property is situated on 5 hectares of land with a separate 7 hectares of rustic land available to the north, suitable for eco-friendly accommodation. The extensive facilities include multiple treatment rooms, Turkish bath, sauna, indoor pool, a commercial kitchen capable of catering for up to 400 people, 6 self-contained cottages, 2 upgraded cottages, staff accommodation for 16, outdoor bar, outdoor pool, amphitheater, and 2 conference rooms. The listing highlights potential alternative uses such as a rehabilitation center (fully equipped for disabled access), nursing home, yoga retreat, wellness resort, or private clinic. Located on the outskirts of Tavira, it offers easy access to road links, cities, beaches, and mountain trails. This project is poised for a quick and profitable return on investment due to growing demand in the region.