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August 14, 2024

Historic Boutique Hotel for Sale in Torres Novas

πŸ”— Listed on: Casa Sapo

πŸ“4039mΒ² | 86 €/mΒ²
πŸ’Έ 350.000 €

✨ Highlights

  • 95 km away from Lisbon Airport
  • Originally commissioned by the Marquis of Foz
  • Designed by renowned architect Luigi Pietro Manini

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πŸ“Š Performance

‍The hotel didn't provide the performance data (ADR, Occupancy Rate, etc.)

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✍️ Description from the real estate agent

Location:

  • Situated in Torres Novas municipality, within Santarem district.
  • Convenient highway access to Lisbon (95 km) and Oporto (200 km) airports.

Project Details:

  • Historic Palace: A distinctive neo-Manueline property, commissioned for transformation in the late 19th century by the Marquis of Foz and designed by renowned architect Luigi Pietro Manini. The property dates back to Medieval times and features a segment of the important Roman road known as Via XVI, linking Lisbon to Braga.
  • Phase 1 involves converting the Palace into a Boutique Hotel with 10 Suites.
  • Offered to 60 investors in 1/60 co-ownership shares.
  • Phase 1 completion scheduled for the first quarter of 2026.
  • Phases 2 and 3 will see the development of a 5-star Luxury Hotel with 150 rooms, including amenities such as a swimming pool, spa, gym, etc.

Investor Benefits:

  • EUR 350,000 per 1/60 co-ownership share.
  • Guaranteed returns: 4.5% per year for 5 years (paid in advance after deed) = EUR 78,750.
  • Guaranteed returns: 3% per year post 5th year of the project = EUR 10,500 per year.
  • Investors exempt from IMT and Stamp Duty charges.
  • Opportunity for investors to enjoy accommodation for 10 days per year.
  • Buyback option guaranteed starting from the 7th year of investment.

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