20 bedroom hotel for sale, Estoril, Lisbon
4,200,000 EUR 3,612,000 GBP 4,746,000 USD Show Map
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UK +44 (0) 1935 817 188
Approved project to convert this charming former palace into a luxury 20 room hostel, ideally located in a tourist area of Estoril.
Built in 1951, this charming property is set out over 3 floors and has a total built area of 720m2, plus a 180m2 garage, garden area and a swimming pool.
In excellent condition externally and recently renovated internally, this is a superb opportunity for anyone wanting to convert this character home into an income producing hotel.
Currently the property has a 75% occupancy rate and is already generating a good income, with prices currently at 125 EUR per night.