£471,242
(€12/sq. ft)
€550,000
Block of flats for saleMonforte, Monforte, Portugal
44,293 sq. ft
About this property
Former 3-Star Hotel in Monforte | Rehabilitation Project for Investors
A unique opportunity for investors and real estate developers. This property, formerly known as Palma Hotel, a 3-star hotel unit, now seeks a new purpose through a rehabilitation and enhancement project.
With 4,115 m2 of built area, set on a 53,593 m2 plot, it features 27 double bedrooms, 1 adapted bedroom, swimming pool, parking, and extensive outdoor areas, offering ideal characteristics for conversion into a hotel, aparthotel, senior residence, healthcare facility, wellness tourism, or other investment project.
Located in the village of Monforte, it benefits from a strategic position with direct access to the IP2 highway, enabling quick connections to Portalegre and Estremoz, in a region with growing tourism and real estate demand.
Currently in a state of disrepair, it represents an excellent opportunity to recover a landmark asset and develop a distinctive venture with high appreciation potential.
If you are seeking a large-scale investment in Alentejo, this could be the right opportunity to transform a former hotel into a successful new project.
#ref: 984410
A unique opportunity for investors and real estate developers. This property, formerly known as Palma Hotel, a 3-star hotel unit, now seeks a new purpose through a rehabilitation and enhancement project.
With 4,115 m2 of built area, set on a 53,593 m2 plot, it features 27 double bedrooms, 1 adapted bedroom, swimming pool, parking, and extensive outdoor areas, offering ideal characteristics for conversion into a hotel, aparthotel, senior residence, healthcare facility, wellness tourism, or other investment project.
Located in the village of Monforte, it benefits from a strategic position with direct access to the IP2 highway, enabling quick connections to Portalegre and Estremoz, in a region with growing tourism and real estate demand.
Currently in a state of disrepair, it represents an excellent opportunity to recover a landmark asset and develop a distinctive venture with high appreciation potential.
If you are seeking a large-scale investment in Alentejo, this could be the right opportunity to transform a former hotel into a successful new project.
#ref: 984410
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