Project: Hotel and Real Estate - Algarve, Portugal

For sale: Hotel and Real Estate project, in Algarve, Portugal.

This big allotment área, is a touristic project for the construction of luxury apartments, luxury villas, a hotel

Located in Benagil, Lagoa in the Algarve region in Portugal.

The land has 260 ha, with a total of 108 lots and a 2.5 km extension along the Atlantic Ocean, which includes about 9 of the most beautiful beaches in the Algarve, one of which is the well-known Praia da Marinha, which gives its name to this venture.

Total construction area: 73,940 m2.

15,000m for the construction of a 4 Star Hotel with 151 Rooms, with part of the Hotel for Spa and another for a huge restaurant.
42,500 sqm for apartments which in total can make a total of 381 apartments.
16,440mq for the construction of Villas that can correspond to 73 Villas.

This land has 17 more ruins spread over 260 ha where you can also build 17 additional luxury villas, all ruins can be build with the m2 build work size of the ruins plus 10% with an addition build work area

Due to environmental problems, this project is subject to some alterations and adjustments, but due to the fact that the government wants to change the law, in which all projects by the Sea, the construction will have a certain distance from the Portuguese coasts, for the protection of the Environment, this project becomes one of the few if not unique after its full approval, a unique project

Asking Price: € 89,000,000.

Note: The asking price is negotiable

For your information we are direct to the client that sells this property

We are at your fully disposal for any questions you may have

My very best reagards