Hotel in Quarteira

GREAT OPPORTUNITY FOR INVESTMENT AND TO GENERATE INCOME.

This modern and elegant Hotel with a privileged location is a 1-minute walk from the beach. Suites Paradise Algarve is located in Quarteira and offers beachfront accommodation, 100 meters from the beach.

It currently has 17 rooms, spread over 3 floors and 4 of them overlooking the beach, with the possibility of building and expanding another floor. Suites Paradise Algarve provides various facilities, such as 2 bars, a shared lounge and a terrace. The property is situated 600 meters from Vilamoura Beach, 1.5 km from Praia do Forte Novo and 3.9 km from Aquashow Water Park.

All rooms at the hotel are equipped with a wardrobe, a flat-screen TV, a private bathroom, a minibar, bed linen and towels. All rooms at Suites Paradise Algarve are equipped with air conditioning and some have a patio.

Currently owner have an 2 year contract with a 5 star hotel nearby to have their staff living in here. This Hotel is paying all utilities and all needed Maintenance. This is a great OPPORTUNITY IF INVESTMENT for a New Owner to generate in 2025 NET INCOME of 170,000 euros, and in 2026 180,000 euros.

The nearest airport is Faro Airport, 13 km from the hotel.

Suites Paradise Algarve presents itself as an excellent investment solution in the hotel area, striving for elegance, efficiency and quality, in one of the most sought after and visited areas of the Algarve.

Dont miss this opportunity and come visit