No items found.
March 24, 2024

Family-run Small Hotel for Sale in Lagos

🏨 34 Bedrooms | 32 Bathrooms

πŸ”— Listed on: Idealista

πŸ“ 3.408 mΒ² | 1.320 €/mΒ²
πŸ’Έ 4.500.000 €
✨ Highlights
  • 3 adjacent and interconnected properties (hotel and 2 villas)
  • Ranked 5 of 49 hotels in Lagos
  • 90 km from Faro airport
  • 900 meters from closest beach
  • Fully operational hotel with good reviews

‍

⭐ Public reviews
‍
πŸ‘ Positive feedback from guests
  1. Cleanliness: Many reviewers praised the cleanliness and upkeep of the property, highlighting well-maintained rooms and common areas.
  2. Friendly Staff: Guests frequently mentioned the friendly and helpful staff, noting their attentiveness and willingness to assist with various needs.
  3. Location: While not directly in the city center, the hotel's location was appreciated for its quietness and proximity to key attractions like beaches and the historic center.
  4. Breakfast: The quality and variety of the breakfast offerings received positive feedback from several guests.
  5. Comfortable Rooms: Guests generally found the rooms to be comfortable, with amenities like comfortable beds, clean bathrooms, and functional appliances.

‍

πŸ‘Ž Negative feedback from guests
  1. Distance from City Center: Some guests found the location slightly inconvenient due to its distance from the city center, although this was balanced by the quietness of the neighborhood.
  2. Room Size: A few reviewers mentioned that the rooms were smaller than expected, although this didn't seem to be a widespread issue.
  3. Noise Levels: There were occasional complaints about noise levels, particularly thin walls in some rooms.
  4. Internet Connectivity: A couple of guests reported issues with the hotel's Wi-Fi connection, experiencing slow or unreliable internet access.
  5. Room Variation: Some guests noted differences in room quality, particularly regarding balconies and layouts, which led to varying experiences among guests.

‍

πŸ“Š Performance

The hotel didn't provide the performance data (ADR, Occupancy Rate, etc.)

‍

✍️ Description from the real estate agent

If you are looking for a profitable business with growth potential, don't miss out on this opportunity to purchase a fully operational boutique hotel with 25 double suites, all with balconies or terraces, an elevator, and an excellent location near Porto de MΓ³s beach in Lagos. The hotel also offers a restaurant with seating for 100 people, a lounge bar for 40 people, a meeting room, a business center, swimming pools, free parking, and harmonious landscaped areas. It has implemented a European safety protocol.

The hotel is part of a complex of three adjacent and interconnected properties, totaling a land area of ​​3,409 m2 and a built area of ​​1,398 m2. The properties are as follows:
Hotel (2010): Plot 1,824 m2, Footprint 417 m2, and Construction 805 m2.
Villa 1 (2016): Plot 790 m2, Footprint 168 m2, and Construction 386 m2.
Villa 2 (2020): Plot 795 m2, Footprint 138 m2, and Construction 207 m2.
Total: Plots 3,409m2, Footprint 723m2, and Construction 1,398m2.

The hotel is only a 3-minute drive or 15-minute walk from the famous Porto de MΓ³s beach, one of the most beautiful and sought-after in the region, with its fine sands and clear waters. The hotel is also just minutes away from the historic center of Lagos, where you can find a wide variety of services, commerce, culture, and leisure. Additionally, the hotel is only a 5-minute drive from Boavista Golf Course and less than a 10-minute drive from Palmares Golf Course, one of the most prestigious in the Algarve.

Furthermore, the hotel also has the potential to be converted into a premium senior residence, taking advantage of the lack of supply, the climate, security, and infrastructure that the Algarve offers for this type of clientele. This is an alternative that can be considered to give a new boost to the business and respond with an appropriate positioning to the growing demand for this type of service, without seasonality and with potentially minimal downtime.

Don't miss this unique opportunity and schedule your visit now!

Is this a good deal?
Let us prepare you a competitive analysis and forecast of your future earnings. We are hospitality experts, not owner/agent.

Get Feedback
Other properties

New opportunities in your inbox

Add your email and receive updates new opportunities

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.