Portuguese Inn, Event Center And Residence

Santarém, Portugal
Asking Price: $3,514,633 (€2,998,000 EUR)
Real Estate Details
Listed on Sep 2, 2025

Originally built in 1466 by the Count of Atalia, and in the same family since 1892, this regal inn sits proudly at the heart of the Town of Atalia in the District of Santarem, just one hour north of the Lisbon International Airport. Conveniently located near the center of Portugal, it’s only 17 minutes to the historic town of Tomar, 55 minutes to Coimbra, and two hours to Porto.

The property comprises three entities on three parcels: The Inn, a T5 residence above the Inn, and a ~600m2 event center all on one parcel. Two attached, empty parcels are currently used for parking and landscaping, but are zoned for separate buildings should the future owner wish to develop them. The grounds, surrounded by stone walls, offer multiple water features, mature, landscaped gardens, well with water wheel, multiple terraces, several out-buildings and parking for up to 30? cars.

The Inn sleeps up to 10 comfortably (16 with cots) in 6 spacious rooms, all with en-suite bathrooms in excellent condition. It includes a guest kitchen, formal dining room with fireplace, sitting room, glass-walled breakfast area, reception area, large staff workspaces including laundry and storage. Architectural details include open beam ceilings, hand painted tile frescos, and bench seating in the windows. Fully turn-key, all furnishings, linens and branding materials are included ready to open for business on day one.

The event space, recently built in 2012, is located behind the inn on the same parcel. It is approximately 600m2 (400m2 for event space, and 200m2 for kitchen/bathroom/storage space) and can legally support events with up to 500 people. With glass walls on two full sides, the heated and air conditioned space is ideal for weddings, parties, banquets, corporate events, seminars and more. It includes a large commercial kitchen and prep space, storage and both service and guest bathrooms. It is equipped with a sprinkler system and a new roof.

The owner’s residence, located directly above the inn, has 4 bedrooms, 3 bathrooms, a large kitchen, living room and dining room, and a den. A large wrap-around, private terrace provides a birds eye view of the grounds and event space and neighboring vineyards. Above the residence is an enormous attic spanning nearly the full footprint of the residence.

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Financials (USD)

Net Operating Income (Annual) $1,524,023

Asking Price $3,514,633

Converted From EUR

Exchange Rate $1.17

Cap Rate 21%

Additional Details

Street Address 134 Rua Patriarca Dom José

Building Area 1540.00 Square Meters

Year Built/Renovated 1982

Percent Occupied 0%

Land Area 0.15 Hectares

Deal Terms

Who is Listing the Property? Real Estate Broker

Broker Co-Op? Yes

Seller Financing Available? No

Seller Willing To Lease? No

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