Overview of the Algarve
Located in southeastern Portugal, the Algarve stretches 160 km along the Spanish border to Cape San Vincent in the west and is Portugal's main holiday destination. There are a number of resorts, restaurants and villas scattered along the coast.
Portugal's southernmost coastline, where the waters are warm and calm.
There is so much to enjoy in the Algarve. With warm waters and a pleasant climate, resorts, hotels and luxury resorts are the perfect place to go.
The Beaches of the Algarve are the best in the world. There are many types, such as hidden beaches, family beaches, and some beaches with calm waters, which are ideal for water sports. Whichever you choose, it's enough to keep you entertained.
And golf! There are 30 golf courses in the Algarve, some of which are among the best in Europe and will attract many golf amateurs and professionals.
Local climate
The Algarve is blessed with natural conditions. With plenty of sunshine all year round and a mild climate all year round, the Algarve has more than 3,000 hours of sunshine per year and low average rainfall, making it a great place for a holiday. In summer, visitors can enjoy a few days on the beach, while in winter, visitors can relax and participate in a variety of activities.
The best season for sea bathing is from April to October, especially from July to September. During the day, there is no cloud, the sky is like the sea, the sun rises early and returns late, the sea is mild and pleasant, and at night, the sea breeze is accustomed and cool, which is enough to make people sleep beautifully until dawn.
From east to west, there are more than 200 large developed beaches in the Algarve, with fine sand, flat beaches and gentle waves, which can be described as both sea bathing and sunbathing. The Climate and Beaches of the Algarve are said to be second to none in Europe and have an excellent reputation.
About tourism
The Algarve region has a population of about 300,000, but receives as many as 6 million foreign tourists in the three months of July, August and September every year, with an average annual tourism revenue of more than 3 billion US dollars. There are more than 450,000 registered hotel facilities in the area, with dozens of five-star hotels and resorts alone.
In the coastal towns of the Algarve, a completely different freshness emerges. What you see and hear here is something you haven't seen before in Lisbon and other Portuguese cities. Strangely designed, brightly coloured high-rise buildings line the road one after another, and the beautiful villas are half-hidden and half-exposed among the lush trees.
Here you can ---
Enjoy a few days of leisure on the beach, with almost 200 kilometres of coastline, ideal for a variety of water sports such as sailing, snowboarding and windsurfing. Yachting enthusiasts will also find a wide range of ancillary infrastructure in the modern marinas along the Algarve coast.
Golf has won the Algarve many international awards and accolades, and the region has been voted the best place in the world to play golf more than once. The Algarve has around 40 well-equipped golf courses, suitable for both experienced golfers and novices to the sport.
Ride or stroll along the trails of the Via Algarviana, where you can also admire the beautiful mountains. The inland Route of the Algarve connects the eastern and western ends of the area to Rota Vincentina – there are so many trails that walkers are not to be missed.
For those looking for excitement, parasailing, scuba diving, gliding and rope sports are also available.
Various honors
In the World Travel Awards (WTA) World Travel Oscar Chart --
8-time winner of "Europe's Leading Beach Destination"
Sports Professional Magazine and International Association of Professional Tour Operators -
The Algarve is recognized as the best golf destination
Live and Invest Overseas (LIO), a well-known lifestyle and investment website, announced that
The Algarve is A+ rated as the best place to retire
Forbes Magazine Selects the Best Cities in the World for Retirement and Living after the Pandemic
The Portuguese Algarve ranked first
The New York Times voted him the ---
One of the best places to visit in the world
About entertainment
Entertainment reaches a fever pitch every summer in major bars and clubs, especially in metropolitan areas such as Albufeira, Portim?o and Vilamoura.
Throughout the year, a variety of events take place to make the area colourful and exciting, such as carnivals, music festivals, food festivals, historical re-enactments and traditional markets and celebrations, which can be found throughout the area.
Local cuisine
The food highlight is naturally fresh fish and other seafood, whether grilled or stewed.
Of course, there are also common inland meats, almonds and fig cakes such as morgados and Dom Rodrigos, which are perfectly enjoyed with locally produced almond wine or aguardente brandy made from berries.
Advantages of investing in the Algarve
(1) Investment in the hotel market rebounded positively and gradually recovered
According to the latest report data released by JLL:
Based on the continued positive outlook for the evolution of the pandemic, and the consequent reopening of international travel, the hospitality industry's key performance indicators are likely to return to pre-pandemic levels, with 2021 showing a fairly positive rebound in both operations and investments.
European hotel investment is expected to reach €22.5 billion in 2022, up 60 percent from 2021. There is a continuing interest from international and national institutional investors in the acquisition of hotel assets in Portugal. Hotel investment in Portugal is expected to rebound strongly in 2022.
(2) Investors are paying attention to the hotel market and have broad prospects
The highest occupancy rates for hotel units occurred during the summer months, the domestic market was very strong, and there was a significant increase in ADR (average daily rate).
From an investment perspective, interest from international and domestic institutional investors in acquiring Portuguese hotel assets remains. Given that growing demand is not balanced by existing supply, yields are resilient.
(3) The industry has rebounded and the market has recovered well
passenger
The number of passengers at Portuguese airports exceeded 9.9 million in 2021, an increase of 20% over 2020. Passengers on international flights account for about 74% of the total passenger traffic.
visitor
The number of tourists as of November 2021 exceeded the total number in 2020, an increase of 34% compared to 2020; in 2021, 60% of tourists were domestic tourists, with international tourists accounting for the remaining 40%.
Accommodation income
Accommodation revenue in the first five months of 2021 has already exceeded the total in 2020, reaching €1.6 billion by November 2021, 58% higher than in 2020.
gross income
Compared to November 2020, a 56% increase was recorded, with a total of 2.18 billion euros.
(4) The proportion of commercial investment has increased, and many enterprises have invested in the layout
Commercial investment in the hotel sector accounted for 296 million euros. Lisbon, the Algarve, Porto, Évora, etc. are the regions where these assets are located.
Thanks to some important transactions in the Algarve, such as Tivoli Marina Vilamoura & Tivoli Carvoeiro and Vilaara Thalassa Resort Algarve, Oporto Palacio Hotel and Intercontinental Estoril, hotels account for 15% of turnover.
(5) The number of hotels in the Algarve is in short supply, and investment opportunities under the epidemic situation
According to the Data of the Portuguese Market Report, Lisbon accounted for 67.4% of the number of hotel projects by region, and the rest of the places:
Porto and the North: 16.3%
Central: 4.3%
Alentejo: 3.3%
Algarve: 5.4%
Madeira: 3.3%
(6) Four-star hotels are the first choice for tourists, accounting for the highest proportion
In 2019, 49% of tourists chose four-star hotels and 48% in 2020. Overnight stays in three, two and one-star hotels have increased compared to the previous year.
By category, four-star hotels are the largest hotel, with nearly 57% of projects under construction falling into this category.
Overview of the Fitoria Offshore View Hotel project
Project location (location display from largest to smallest)
The nearest pier is 270 meters away and only 4 minutes away on foot
Portimão Migration Office is 0.6 mi away and only 12 minutes away
Introduction to the area where the project is located
【Portimão - Southern Coastal City of Portugal】
Portimão ( Portuguese: Portim?o ) is a port municipality located at the mouth of the Alati River in faro, Faro District, southern Portugal. It has an area of 182.06 km² and a population of 55,614 in 2011. It was once known as the New Village of Portimão (Vila Nova de Portim?o). In 1924, it was merged into a city known as "Portimão".
Historically, it was a fishing and shipbuilding center, but it also developed into a powerful tourist center centered on the coast and the southern coast. The two most populous towns in the Algarve region are Portimão and Faro.
Located at the mouth of the Rio Arade, Portimão is a charming holiday destination known for its perfect sandy beaches and warm, calm waters.
Praia da Rocha, about 3 km from the city centre, is perhaps the most famous beach in the Algarve region, and posters with expanses of sandy beach are widely circulated internationally. Since the beginning of the 20th century, it has been a very busy seaside resort, with casinos and countless recreational activities.
The surrounding facilities introduce famous attractions
Praia da Rocha Beach - 2.8km, 10 minutes by car
Praia da Prainha Beach - 5.7km, 15 minutes by car
Praia dos Três Castelos beach - 3.4km, 9 minutes by car
Algar de Benagil Tourist Resort - 13.9km, 24 minutes by car
Praia da Marinha Beach - 14.6km, 22 minutes by car
Praia do Salgueiro Beach - 15.6km, 28 minutes by car
Commercial packages
Vila dos Sabores supermarket - 300 meters, 4 min walk
SPAR Portim?o supermarket - 400 meters, 5 minutes walk
Minimercado Terezinhao supermarket - 190 meters, 2 minutes walk
ALDI Portim?o supermarket --- 1.7 km, 22 minutes on foot
Pingo Doce Portim?o Large supermarket - 650 meters, 8 minutes walk
Continente Portim?o Hypermarket --- 1.4 km, 18 minutes walk
Portim?o market - 800 meters, 10 minutes walk
MINIMERCADO E SOUVENIR Grocery Store - 400 meters, 5 minutes on foot
Algarve grocery store - 280 meters, 3 minutes walk
Farmacia Carvalho Pharmacy --- 400 metres, 6 minutes on foot
Farmácia Rosa Nunes Pharmacy --- 750 metres and a 10-minute walk
Farmácia Arade Pharmacy --- 900 metres and a 12-minute walk
Aqua Portim?o Shopping Centre shopping centre --- 1.4 km, 18 minutes on foot
Transportation facilities
Portimao train station --- 800 metres and a 10-minute walk
Ferragudo train station --- 1.4 km and a 23-minute walk
Pra?a Manuel T. Gomes Bus Stop --- 180 metres and a 2-minute walk
Largo do Dique bus stop --- 400 metres, 5 minutes on foot
Alameda bus stop --- 400 metres, 5 minutes on foot
Faro Airport --- 65.3 km, 45 minutes by car
Medical packages
Hospital Sao Camilo Hospital --- 1 km, 13 minutes on foot
Consultório Marta Hospital --- 1 km, 13 minutes on foot
Centro De Saúde Privado De Portim?o Hospital --- 1.3 km, 16 minutes on foot
Parque de Saúde da Misericórdia de Portim?o Hospital --- 1 km, 13 minutes on foot
Hotel project introduction
Hotel positioning: City "core" oasis hotel
Hotel brand: FEITORIA HOTEL
Property Location: Algarve Portimão, located next to Portimão Marina, 5 minutes walk from Pastelaria Inglesa, the landmark of Portimão City, close to local shops and services. 50 minutes by car from Faro Airport and 2 hours 30 minutes by car from Lisbon.
Hotel Star: 4 star
Number of project layers: 5 floors
Supporting facilities: café/bar, central courtyard, oversized roof terrace, terrace pool, sky gallery, front desk service area, office area, restaurant, kitchen, parking space, etc
Investment for a single customer: €280,000 (€210,000 share + €70,000 refurbishment cost)
Investment quota: 99
Total investment: 27.72 million euros
Number of rooms: 65 rooms
Total construction area: 3670㎡
Exit mechanism: Seven-year withdrawal
Stable returns: The developer promises to provide each client with a stable return of 3% per year for the first 5 years of operation;
After 5 years, it is hosted by a professional operating company, and after 5 years, customers can enjoy a 75% return on hotel operating revenue!
Renovation: Fully and deeply renovated
Approved: The project has been approved
Initial plan of the hotel:
The interior decoration style of the hotel shows: