Site Last Updated on Jul 29th 2010
Algarve properties
Unique Apart-Hotel Room Investment
Ownership of an apart-hotel or hotel room investment is an essential component of a robust and diverse portfolio. A next generation approach to property investment apart-hotel rooms are widely regarded as a first-class turnkey investment product that are fully managed for the investor and require minimal involvement.
Critical to the success of any apart-hotel investment is reliable occupancy levels generated by a desirable location and superior accommodation.
The Gotel presents an unique opportunity to invest in a boutique hotel in Portugal’s highly sought after Algarve region, overlooking the spectacular Praia Tres Irmaos at Alvor. The hotel is owned and operated by the Pestana Group, Portugal’s largest hotel and leisure operator, with a 30 year track record and thus assuring the future success. The hotel itself has a 15 year operating record.
- Prime, Prime Location!
- Low Entry Level – invest from €15,837
- Existing hotel with 15 year track record
- Developed & managed by The Pestana Group, Portugal’s largest hotel and leisure operator
- 80% finance available*
- ALL Closing Costs Paid – saving up to €16,149!
- 5% interest per annum paid on deposits of 30%
- Strong forecast occupancy and income - 1st year
- Gross yield of 8.3%
- Rental Cushion covering all associated costs for first 12 months*
- Spectacular Sea Views
- Unique Opportunity limited to 38 rooms
- Current historic yield pre-refurbishment
- 30 days personal usage
* Subject to conditions
The investment is limited to 38 units and provides an unique opportunity to own an apart-hotel room within one of the Algarve’s most established and reputable hotels.
Spectacular Sea Views
Currently occupying a prime location in Alvor, a top tourist area in the Algarve, the hotel when completely refurbished will combine luxury hotel rooms with boutique chic and spectacular views over the famous PraiaTres Irmaos.
Facilities
Gotel Algarve provides a variety of first class facilities from the café, signature restaurant, bar to meeting rooms and conference suites. The hotel also boasts direct access to the magnificent beach club complete with restaurant and bar as well as an indoor swimming pool, sauna, Turkish bath and fully equipped gymnasium.
Gotel Algarve guests can also enjoy further facilities at Pestana D João Village, the neighbouring sister resort
- 75 Spacious Suites
- Complimentary Internet access
- Gym
- Indoor Pool
- 24/7 concierge
- Beach Club includes outdoor pool, bar and restaurant
- 200m from Beach
- 65km from Airport
- 1000m from Hospital
- 5km from Casino
- 5km from Marina
- 25km from Castle
- 500m from Bus Terminal
- 5km from Train Station
- 800m from Boat Pier (sea)
- Parking
An iconic retreat in the Algarve
Gorgeous beaches, warm water and glorious sunshine year-round: the dream holiday destination. Situated on the extreme South of Portugal, this part of the territory was the last to be conquered from the Moors by the Portuguese king Dom Afonso III, in 1292.
The Algarve is a favourite destination for Europeans seeking to exchange the stress and fast pace of modern urban living in their own countries for a more relaxed and healthy lifestyle abroad.
The Algarve enjoys good transport connections and benefits from a good road network, composed of motorways and a range of secondary roads, making the journey times from nearby Faro International Airport quick and easy.
Purchase Schedule
Investment in Gotel Algarve is truly hassle-free with a simple purchase procedure:
- Select a room
- Pay £2632 (€3,000) reservation fee to secure your room*
- 20% deposit minus your reservation fee paid to Portuguese lawyer
- From £13,300 to exchange contracts
- 80% mortgage is obtained on your behalf to complete the purchase
- All legal fees and closing costs covered by developer
- Your room is fully managed on your behalf and your associated costs are guaranteed to be paid for the first year
Purchasers paying a 30% deposit can benefit from:
5% pa interest on deposits during the refurbishment
2 year rental cushion to cover all costs
The hotel is owned and operated by the Pestana Group, Portugal’s largest hotel and leisure operator, with a 30 year track record and thus assuring the future success. The hotel itself has a 15 year operating record.
Over the last three decades the “Pestana Hotels & Resorts” chain has consolidated as Portugal’s principal hotel chain, which today comprises 85 operating hotels.
Over the last three decades the “Pestana Hotels & Resorts” chain has consolidated as Portugal’s principal hotel chain, which today comprises 85 operating hotels.
- Pestana Group has grown to become the largest Portuguese group in the tourism and leisure industry
- The Group’s high degree of know-how in key areas of operation within the tourism industry combined with its focus on objectives and competitiveness means that every operation launched has been a success story.
- Through its chain, Pestana Hotels & Resorts presently manages 38 hotels, spread over 3 continents: 23 properties in Portugal, 8 in Brazil, 1 in Argentina, 3 in Mozambique, 1 in South Africa, 1 in Cape Verde and 1 in S.Tomé & Principe.
- At present there are 6,000 people working within the Pestana Group utilising international experience
- The Group has expanded vertically into sub-sectors including gaming, golf, holiday property, charter flight air transport, tourism operations in other countries (The United Kingdom, Spain and The United States) as well as in Portugal, and car hire.
Gotel Algarve has the characteristics to be a market leading apart-hotel in the western Algarve area. In summary the exit and hence the future valuation is based on commercial considerations. The factors that influence Gotel’s increasing valuation are:
1. Buy Back Option
Ideal for investors looking for a fixed term investment with the option of a ‘buy back’ equivalent to 6% capital growth per annum of up to 5 years and subject to seller’s conditions.
2. Sell On Open Market
Ideal for investors looking to sell at any time and capitalising on the hotels association with Pestana, one of the world’s largest hotel operators. It is a near certainty that residential prices will be enhanced with a history of a demonstrable revenue stream.
3. Keep Long Term, Pay Off Mortgage & Receive Income
Ideal for investors looking for a retirement investment whilst benefitting from a great place to visit on holiday during the term of their investment.
- Gross yield of 8.3% in year 1
- Natural increase of 3% pa in income
- Demonstrable income stream
- Prime Ocean front location
- Appeal to a wide market sector
- Luxury amenities at affordable rates
- Powerful & sought after quality brand in The Pestana Group
- Established and profitable hotel – average yield of 6.4% pa over last 3 years
- Experienced and professional operator with over 30 years experience
- Immediate and sustainable income
- Benefit of personal use for eventual purchaser
Choice of 3 Exit Strategies
1. Buy Back Option
Ideal for investors looking for a fixed term investment with the option of a ‘buy back’ equivalent to 6% capital growth per annum of up to 5 years and subject to seller’s conditions.
2. Sell On Open Market
Ideal for investors looking to sell at any time and capitalising on the hotels association with Pestana, one of the world’s largest hotel operators. It is a near certainty that residential prices will be enhanced with a history of a demonstrable revenue stream.
3. Keep Long Term, Pay Off Mortgage & Receive Income
Ideal for investors looking for a retirement investment whilst benefitting from a great place to visit on holiday during the term of their investment.
Please call us for the latest prices and availability.
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