In 2013, there were more air passengers, more guests, more overnight stays, more income, more rounds of golf played… in fact there was more of everything in the Algarve, resulting in a record year for the region’s tourist industry. What’s more, the Algarve was the top destination in Portugal, attracting well over a third of all the overnight stays. With tourist revenues up around 6% in the first quarter of 2014 and tourism chief, Desiderio Silva, predicting another bumper year, what better time to consider investing in a hotel.
There are a number of great commercial opportunities in key areas of the Algarve. So, if you’re not looking to retire by the pool, but you want to relocate to the sun, have a look at our selection of hotels for sale.
Vila Real de Stº António – Moroccan style guest house
If you’re not up for competing with the likes of the Tivoli Group, then we might be on the right track with this eight-bed bed and breakfast hotel.
Situated on the south-eastern tip of the Algarve, this beautifully restored building is now a charming and inviting boutique hotel, styled with a distinct Moroccan influence. Casa Al-Gharb has been completely renovated and modernised and is located in the historical part of town, close to all main amenities.
A busy popular city location is certain to attract a wide range of guests, from tourists to those visiting on business.
The Sun Algarve Hotel is situated in the old city of Faro, close to the historic district as well as the hospital and Faro Airport. The hotel opened in 1999 and was renovated and expanded in 2006. It has 39 rooms, all with private bathrooms, and most rooms have a balcony. Some rooms are equipped for disabled guests too.
Albufeira is one of the most popular tourist destinations in the Algarve and a great place to be able to offer holiday accommodation.
This delightful little hotel is close to the beach and overlooks the sea. It has 10 suites, plus an apartment, so there’s scope for residential accommodation too. It offers guests a good sized swimming pool, a recreation area, BBQ, laundry and air conditioning in all bedrooms.
Comprising three parts; a restaurant, an apartment and an old house, this property has a number of possibilities, one being a 25 to 30 bed hotel in the tranquil Monchique countryside.
The restaurant has 100 covers inside, a kitchen and BBQ outside and spectacular views to the coast. There is also a separate apartment which is under construction and a large old building, partly in ruins.
Location, location, location! In picturesque Carvoeiro, close to the beach, restaurants, bars and shops, this 12 bed hotel is in just the right spot to attract tourists.
All rooms (a number are suites) have private bathrooms and the majority have a terrace, some with a stunning sea view. Guests can enjoy a range of onsite facilities including a swimming pool, a large car park, bar and a breakfast room with an outdoor terrace. The property also has a separate apartment, so there’s also accommodation for the owners or staff.
A perfect family business in a top tourist destination, this small hotel has 17 rooms and is situated within the old city walls, an area steeped in history.
Built in the 60s, this hotel has great potential due to its central location. All rooms have en suite bathrooms and the majority have balconies. Guest facilities include a lounge with bar and fireplace and there is ample parking nearby. The hotel has been revamped several times over the years, but there is scope for improvement and modernisation. An excellent investment opportunity.
You’ll find more commercial properties for sale right here. To learn more about towns and counties in the Algarve, and which areas are most likely to attract visitors, check out our information section.
There’s also guidance on buying property in Portugal in our resources section. Like anywhere abroad, if you’re considering buying a business or starting your own company in Portugal, it’s wise to check the rules and regulations, and to make sure you understand the tax system. There’s plenty of help available from experts in the Algarve, including English-speaking lawyers who can advise you on your purchase.
*The properties featured in this blog were listed for sale on Meravista at the time of publication, but may have since been sold or removed from the website.
Brought to you by Meravista – the place where smart people search for Algarve property for sale.
Own a hotel in the Algarve
by Almonds and Oranges
In 2013, there were more air passengers, more guests, more overnight stays, more income, more rounds of golf played… in fact there was more of everything in the Algarve, resulting in a record year for the region’s tourist industry. What’s more, the Algarve was the top destination in Portugal, attracting well over a third of all the overnight stays. With tourist revenues up around 6% in the first quarter of 2014 and tourism chief, Desiderio Silva, predicting another bumper year, what better time to consider investing in a hotel.
There are a number of great commercial opportunities in key areas of the Algarve. So, if you’re not looking to retire by the pool, but you want to relocate to the sun, have a look at our selection of hotels for sale.
Vila Real de Stº António – Moroccan style guest house
If you’re not up for competing with the likes of the Tivoli Group, then we might be on the right track with this eight-bed bed and breakfast hotel.
Situated on the south-eastern tip of the Algarve, this beautifully restored building is now a charming and inviting boutique hotel, styled with a distinct Moroccan influence. Casa Al-Gharb has been completely renovated and modernised and is located in the historical part of town, close to all main amenities.
Price: €645,000
To find out more click here
São Pedro (Central Faro) – city hotel
A busy popular city location is certain to attract a wide range of guests, from tourists to those visiting on business.
The Sun Algarve Hotel is situated in the old city of Faro, close to the historic district as well as the hospital and Faro Airport. The hotel opened in 1999 and was renovated and expanded in 2006. It has 39 rooms, all with private bathrooms, and most rooms have a balcony. Some rooms are equipped for disabled guests too.
Price: €2,550,000
To find out more click here
Marina de Albufeira – hotel near the beach
Albufeira is one of the most popular tourist destinations in the Algarve and a great place to be able to offer holiday accommodation.
This delightful little hotel is close to the beach and overlooks the sea. It has 10 suites, plus an apartment, so there’s scope for residential accommodation too. It offers guests a good sized swimming pool, a recreation area, BBQ, laundry and air conditioning in all bedrooms.
Price: €525,000
To find out more click here
Monchique - hotel in the hills
Comprising three parts; a restaurant, an apartment and an old house, this property has a number of possibilities, one being a 25 to 30 bed hotel in the tranquil Monchique countryside.
The restaurant has 100 covers inside, a kitchen and BBQ outside and spectacular views to the coast. There is also a separate apartment which is under construction and a large old building, partly in ruins.
Price: €450,000
To find out more click here
Carvoiero – hotel in tourist hot spot
Location, location, location! In picturesque Carvoeiro, close to the beach, restaurants, bars and shops, this 12 bed hotel is in just the right spot to attract tourists.
All rooms (a number are suites) have private bathrooms and the majority have a terrace, some with a stunning sea view. Guests can enjoy a range of onsite facilities including a swimming pool, a large car park, bar and a breakfast room with an outdoor terrace. The property also has a separate apartment, so there’s also accommodation for the owners or staff.
Price: €899,000
To find out more click here
Lagos – hotel within historic city walls
A perfect family business in a top tourist destination, this small hotel has 17 rooms and is situated within the old city walls, an area steeped in history.
Built in the 60s, this hotel has great potential due to its central location. All rooms have en suite bathrooms and the majority have balconies. Guest facilities include a lounge with bar and fireplace and there is ample parking nearby. The hotel has been revamped several times over the years, but there is scope for improvement and modernisation. An excellent investment opportunity.
Price: €899,000
To find out more click here
You’ll find more commercial properties for sale right here. To learn more about towns and counties in the Algarve, and which areas are most likely to attract visitors, check out our information section.
There’s also guidance on buying property in Portugal in our resources section. Like anywhere abroad, if you’re considering buying a business or starting your own company in Portugal, it’s wise to check the rules and regulations, and to make sure you understand the tax system. There’s plenty of help available from experts in the Algarve, including English-speaking lawyers who can advise you on your purchase.
*The properties featured in this blog were listed for sale on Meravista at the time of publication, but may have since been sold or removed from the website.
Brought to you by Meravista – the place where smart people search for Algarve property for sale.