Property Card
Telephone: +44 20 8838 4466
Location: Portugal, Algarve, Lagos

Bedrooms: 250
Swimming Pool: Yes
Property Type: Commercial

Price - €15,000,000


A perfect situation in an ideal location, this imposing 250 bedroom hotel is in need of complete refurbishment, but consider the location, just outside the town of Lagos, within a couple of minutes walk of one of the Algarve’s famous sandy beaches and the ocean; add the facilities of conference rooms, bars and restaurants plus a dedicated reception area, space to establish a cinema, a bowling alley and a health and beauty centre then include the potential interest from the large European travel companies and individual agencies for this front line location plus the natural interest of the individual traveller and a very profitable picture begins to appear. This property enjoys an elevated location with magnificent views. Lagos town centre, its nightlife, the many varied shops and the Marina are all nearby. A new airport is due to be completed at Portimão, just a 20 minute drive away, in 2012 and the whole area is presently enjoying great attention to infrastructure and facilities. • Bedrooms: 250 • Bathrooms: 250 Price 15.000.000 euros

Property Ref: 11603-MYP-052D

London Office

Telephone: +44 20 8838 4466

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