Hotel nestled in the heart of Évora’s historic centre, a UNESCO World Heritage Site since 1986, this hotel promises a unique blend of cultural heritage and modern luxury. Évora, encircled by its ancient medieval walls, is a treasure trove of historical monuments spanning various epochs, including the iconic Temple of Diana, a testament to the city’s Roman past. This vibrant city is amongst Portugal’s top five tourist destinations, renowned for its rich history and myriad hidden gems waiting to be explored.
The property, originally constructed in 1531, is set to undergo a comprehensive renovation and modernization process. This project is committed to preserving the building’s significant historical and cultural attributes while seamlessly integrating them with a newly developed section. The result will be a harmonious fusion of the past and present, offering 51 rooms that epitomize modern elegance against the backdrop of the monastery’s heritage.
The transformation will also introduce a meticulously landscaped garden featuring a swimming pool, replacing the current unfinished structures. Guests will have access to a spa, providing an additional layer of luxury and relaxation.
Designed to deliver a 4-star experience with the sophistication of a 5-star establishment, the hotel aims to provide unparalleled service and comfort to its guests.
Investment Highlights:
- Eligibility for the Golden Visa 280,000 € programme, offering an investment opportunity for a share of the hotel at 280,000 €.
- The initiative has attracted 98 investors.
- Investors will benefit from a refund of the IMI municipal transfer tax by the state, exemption from annual property taxes, and a guaranteed 3.5% return for five years, payable one year post-investment.
- Construction is slated to commence in the first quarter of 2023, with the hotel opening its doors in 2025.
- After six years of operation, the hotel will be sold, and the proceeds will be allocated as follows: investors will receive a full refund of their initial investment (280,000 €), while the remaining profits will be equally divided between the fund management company and the 98 investors.
Additionally, investors are granted complimentary stays at the hotel for up to four weeks annually, including one week during the high season, one week in the mid-season, and up to two weeks in the low season, offering a tangible return on investment through luxury and relaxation.
