Luxury Hotel and Real Estate Development Project in Algarve, Portugal

This listing presents a significant hotel and real estate development project located in the Algarve region of Portugal, specifically in Benagil, Lagoa. The project encompasses a vast 260-hectare plot with 2.5 km of Atlantic coastline, featuring approximately 9 beautiful beaches, including the renowned Praia da Marinha. The development plan includes luxury apartments (381 units), luxury villas (73 units), and a 4-star hotel with 151 rooms, spa, and restaurant facilities. Additionally, there are 17 existing ruins on the property that can be redeveloped into further luxury villas. The total planned construction area is 73,940 m2. The listing highlights the unique nature of this project, especially in light of potential new environmental regulations regarding coastal construction, suggesting it could become a singular offering upon full approval. The asking price is €89,000,000, which is negotiable. The seller is directly represented.