Development

Development Rossio Palace

Portalegre, Castelo de Vide, Nossa Senhora da Graça de Póvoa e Meadas
  • Price upon request

Overview

Property ID: PROP-026861
  • Development
  • Property Type
  • 0 - 0
  • Price upon request
  • Price Range

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Description

Rossio Palace is a historic property with will start being refurbished into a Deluxe Hotel. Investors invest a total of €280,000 (reduced Golden Visa investment) for the purchase of a share in the property and for its rehabilitation.

The interior design of the hotel is made by the famous Danish designer Nadia Lassen (reknown for her brand ByLassen and Nuura lamps) and in collaboration with Villa Copenhagen (landmark luxury hotel in Copenhagen).

When the hotel starts operating, investors receive a 4-6% return on the total investment (depending on occupancy rate).

The refurbishment is planned to start in the first quarter of 2023. The hotel operation is planned to start in the beginning of 2025.

As one of the oldest countries in Europe (founded in 1143), Portugal has been a beacon of political, social, and economic stability — and is one of the safest countries in the world. It boasts world-class healthcare (including one of the most effective public responses to covid worldwide) and education (with 1,000+ degrees taught in English). The country features a mild climate all year round and is a convenient travel hub to Europe and the Americas.

Millions of tourists flock to Portugal to visit the cities, historical sites and beaches. The country has been elected — for the fourth consecutive year — the Best Destination in Europe in the World Travel Awards 2020. In 2022, Portugal posted a record increase in real estate prices (13% increase compared to 2021), due to growing demand and scarcity of supply.

-PROP-026861

Details

  • Property Type: Development
  • Lifestyle: Countryside, Historic, Healthy
  • Property Status: Under Construction
  • Availability: Available
  • Close of: Countryside, Historic Zone, Leisure Area, Green Spaces, Playground
  • View to: Countryside, Garden, City
  • Available Fractions: 0
  • District Portalegre
  • Council Castelo de Vide
  • Parish Nossa Senhora da Graça de Póvoa e Meadas
  • Country Portugal

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