48 Bed Property for sale
Portimao, Algarve, Portugal
£2,143,531 *
[€2,500,000]
Full Description
FEITORIA HOTEL & GUEST CONCEPT
The Feitoria was a former known culinary hotspot in the historical centre of Portimão, it has functioned as a successful restaurant for years and after closing down it became a kindergarten.
One part of the building was a former school named Colégio and joined together to the kindergarten. The Portimonenses habitats have positive memories about the lively neighborhood and the culinary offer of the former Feitoria. Famous was the inner court with the various levels, a hidden and peaceful oasis in the city centre.
The concept
At this stage, not many hotels can be found in the historical centre of Portimão, being the Hotel Globo one of the few examples, cause mainly we find the most coast-line hotels at the Praia de Rocha beach till Alvor village. In fact, the historical centre has not yet been discovered and explored, due to various reasons, such as the recent economic crisis, the change of the commercial heart due to opening of the peripheral opened shopping malls, harbor changes & functionality problems. Portimão had lost for a while the tourist attraction, sardines, lively city with a fresh approach and with multiple offer programs for evening and night life events.
In fact, in Portimão the living cost is very low according to the diversity, quality and richness of the experiences that can be found in the city. Comparing to other near beach destinies like Lagos, Albufeira, Quarteira, Vilamoura, etc, the economic level of Portimão is very friendly both for Portuguese and foreign tourists.
Portimão is being for a long time known exclusively by Praia da Rocha, however nowadays we have a revival feeling, for instance the Zona Ribeirinha (river line) is seen as an authentic spot, where we can find the real roots of Portimão. Beside that the city infrastructure has been further improved, adding more parking areas, more organised events and rising figures of tourist visitors. Another welcoming tourist contribution are the arrivals of various international Cruise liners, sailor water sports, the incentive events of Autódromo Internacional do Algarve (bringing big group events like BMW, Mercedes, etc.).
In comparison with a city like Faro, the city of Portimão has a lack of authentic city centre concept hotels, in the line of examples found in Faro, like the EVA, Faro hotel and the various hip hostels in the city centre. The Feitoria can take easily its position as one of the leading urban city heart hotel, mainly due to the fact that Algarve has a growing boom in visits, the year of 2016 was a record broken one.
The targeted mix for the Feitoria, is to develop into the leading Urban Oasis Hotel of Portimão centre.
Algarve can be seen as a destination all year around, due to its balanced climate, the low-cost transport system with cosmopolitan connections and growing lines. - REF: HTL-101
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