This existing hotel is undergoing extensive renovation work to re-invent itself as a four-star contemporary property which will be operated by a globally recognised hotel brand. The hotel consists of 60 rooms and suites, a spa, gym, sauna and several other amenities. There is also a boat dock and an outdoor venue for weddings and other functions.
Situated in the charming town of Sabugal in Guarda, this townl is rich with cultural experiences, historic castles, museums, and beautiful natural landscapes. It is also a popular destination for those seeking outdoor activities such as hiking and wildlife spotting in the Serra da Malcata Natural Reserve. Sabugal is located in the west of Portugal, close to the Spanish border. Porto Airport is around 2 hours drive and Lisbon International Airport is a 2-hour 50 min hour drive.
INVESTMENT HIGHLIGHTS
- Four-star hotel flagged by a globally known brand
- IMT (6.5% of the purchase price) Paid by Developer
- VAT (23% on materials) Paid by Developer
- IMI exemption during the construction period
- 7 Days Free stay per year in any project developed by the developer
- Guaranteed Buyback agreement with Developer
- Upfront 6-year rental yield payment of €30,000 from Developer
This project qualifies as a touristic commercial project and therefore qualifies under Portugal’s new Golden Visa legislation. Investors can apply for a Portuguese residency visa by purchasing a fraction of this property at just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
