Industry Overview
The business operates in Portugal’s hospitality and short-stay accommodation sector, supported by year-round tourism demand in the Algarve and accessibility via Faro International Airport.
Business Description
A restored late nineteenth-century guesthouse operating from a 630m² property. The business offers 9 individually designed guest suites, all with en-suite bathrooms, plus dedicated owner’s accommodation, a private tropical garden, heated swimming pool, garage, laundry facilities and additional rooms for ancillary uses.
Financial Summary
The opportunity is positioned at €2.6m and is offered as a turnkey acquisition, including the AL licence, established operations and operational assets required for continued trading. The property was comprehensively renovated in 2019, with upgrades including new wiring, plumbing, climate control systems, solar panels and high-quality finishes, reducing near-term capital expenditure requirements.
Investment Rationale
Attractive freehold hospitality asset combining heritage character with modern infrastructure. Key strengths include a rare city-centre private garden and heated pool, established trading infrastructure, owner’s accommodation, garage, solar panels and flexibility for continued guesthouse use or conversion into a substantial private residence.
Customer Overview
The business serves leisure and short-stay guests seeking character accommodation within walking distance of Faro Marina, the Old Town and the Ria Formosa Natural Park.
Transaction Information
Full sale of an established guesthouse business and associated property assets.
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