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Building Ready to Convert to 4* Hotel

Country: Portugal Portugal
City: Lisboan
Location: Near Airport
Category: 4 stars
Hotel type: Business Hotel
Transaction Type: 100% Asset Sale
Target Areas: Worldwide

Hospitality Review / Short Description:

Building of solid construction, with an area of 10,650 m². 5 minutes from Lisbon Airport, with several good accesses to CRIL, A-1, Vasco da Gama Bridge.

With authorised development project for 161 rooms of a 4-star hotel, spa and meeting rooms.

The building can also be converted into an apartment complex.

Comes with an authorised hotel project and plans with 161 rooms, which can be expanded to 175 rooms.
Estimated reconstruction costs: 1.000€ / m².
Close to the airport and with easy access to the main highways of the city.
There are no debts or encumbrances on the building, not even for the company.

Hotel Details

Hotel Plot size in m²: 10.650
Hotel Plot size in sq. ft: 114.636
Floors: 5
Bedrooms: 161
Total rooms: 161
No of Total Rooms available/year: 58.765

Financials

Asking Price: EUR 15.000.000
Price Per Room: EUR 93.168
Building Ready to Convert to 4* Hotel
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