A package of two four-star hotels and one boutique hotel.
Description
Two four-star hotels include a total of 210 rooms.
The boutique hotel has 30 rooms. The hotel started its operation at the end of 2019.
Financial performance
In 2019, the total annual income from two four-star hotels was about 5.800.000 €.
Tenants
All hotels are sold for own management.
Location and nearby infrastructure
Lisbon is the capital and largest port of Portugal, the oldest city in Western Europe with the warmest winters among all European metropolises. The population of the city exceeds 500,000 people.
The following industries are developed in Lisbon: textile, footwear, leather, furniture, ceramic, oil refining, petrochemical, cement, automobile, shipping, electrical and electronic, mechanical engineering and paper industry.
- The Portuguese economy is developing steadily. According to PwC, the country's GDP by the fourth quarter of 2017 increased by 2.4%. Experts predicted that in 2018, GDP growth will be 2.1%, and in 2019 – 1.7%.
- The unemployment rate is noticeably reduced: in January 2017, one could talk about 10.1%, and in January 2018 — already at 7.9%.
