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Charming Boutique Hotel In Lagos For Sale

Lagos, Faro, Portugal
Asking Price:
€4,600,000
Sales Revenue:
€500K - €1M
Cash Flow:
Undisclosed

Nice boutique hotel concept with 25 rooms located 10 minutes walk from the beach and 1Km from the center of the historic city of Lagos (XV), 6 km from the golf courses, 15 km from the Autodromo do Algarve and 40 minutes from Faro International Airport

Property Information

Real Estate:

Real Property Included

Living Accommodation:

All furniture, equipments, decoration and goodwill is included.

Location:

Located 10 min. walk from the beach in Lagos - Algarve
5 min away from the traditional and historic city of Lagos.
40 min. drive from the international Faro Airport.

Premises Details:

Excellent property spread over three adjacent large villas built in 2010, 2016, 2020.
All suits are fully equipped and well decorated with beautiful gardens, restaurant, bar, pool, conference room, etc..

Size in square feet:
land - 3400 sqm ; buildings - 1400 sqm

Business Operation

Expansion Potential:

can not !

Competition / Market:

Very close to the best resorts in the Algarve.
White sand beaches.
Historic town, restauranst, abrs, golf courses, etc.

Reasons for selling:

Owners retirement

Trading hours:

Only open betwen April and october (7 months per year) - Decision by the owner
The hotel license allows it to open all year round.

Employees:
5
Years established:
12 years

Other Information

Financing available:

Not by the owner, possible by the Portuguese Bank.
Needs min. 40% investor own founds.

Relocatable:
This business can be relocated.