**The hardest part of opening a hotel in a Portuguese historic centre is already done. **
Casa Creativa is a modern, income-producing guest house standing inside the old town walls of Lagos seven minutes' walk from the beach, moments from the marina sold together with a pre-approved construction licence from Lagos City Hall to convert the building into a classified 13-key boutique hotel with restaurant, bar and lift.
Planning consent and hospitality licensing inside a protected old town typically take years and often fail. Here, both risks have already been removed and the supply of hotel sites inside the walls is fixed forever.
**THE BUSINESS TODAY**
A purpose-built (2018) guest house of 513 m² over four floors: eight double guest rooms, all en suite, on the first floor; an open kitchen, living and studio space with private interior courtyard on the ground floor; a large garage (genuinely rare inside the walls) and basement storage; and an independent owner's apartment with panoramic roof terrace above.
Run as a seasonal family business trading roughly March–October, it produces consistent results: gross revenue of €147K–€183K per season (2023–2025), summer occupancy of 90–98% in every recorded year, and 2026 tracking +22% ahead of 2025 like-for-like. Full monthly trading records are available to serious buyers.
**THE UPSIDE DOCUMENTED, NOT PROMISED**
The current owners have never traded a full year. Their modelled scenarios (available in the Investment Memorandum, based on achieved rates):
- Yearround operation of the existing 8 rooms no works required: c. €333K gross potential
- Adding the rooftop apartment as a premium suite no works required: c. €412K
- The approved 13key hotel scheme with restaurant: c. €620K
**THE PRICE**
€2,500,000 freehold, including furniture and fixtures €192,000 per approved key, against an Algarve average hotel transaction price of roughly €293,000 per key, in a market at record occupancy and RevPAR. Income continues from completion day.
**PROCESS**
Sale handled directly and in confidence by the owners (retirement sale no distress, no agency chain). Investment Memorandum, approved drawings, licences and full trading records available in a prepared data room. Enquire via this listing or at:
