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March 24, 2024

Hostel for Sale in Central Lisbon (Graça)

🏨 17 Bedrooms | 9 Bathrooms

🔗 Listed on: Idealista

📐 350 m² | 7 143 €/m²
💸 2.500.000 €
✨ Highlights
  • Located in Graça, one of Lisbon's trendiest neighborhoods
  • 5 minute walk from closest metro station
  • 15 minute drive from Lisbon airport
  • Building was renovated in 2017
  • Fully operational hostel with high occupancy rates

⭐ Public reviews
👍 Positive feedback from guests
  1. Cleanliness: Many guests appreciated the hostel's exceptional cleanliness throughout.
  2. Hospitality: The staff received numerous compliments for their friendliness, helpfulness, and accommodating nature.
  3. Location: Several guests praised the hostel's convenient location, close to metro stations and within walking distance of tourist attractions.
  4. Design: The design and aesthetic of the hostel, including comfortable beds and modern facilities, were highly regarded by guests.
  5. Community Spaces: The presence of communal areas such as terraces, kitchens, and lounges provided additional value and comfort to guests.
  6. Cost-effectiveness: Many guests found the hostel to offer great value for money considering the facilities and services provided.

👎 Negative feedback from guests
  1. Noise: Some guests experienced disruptions due to noise, either from street noise or within the hostel itself, impacting their overall experience.
  2. Amenities: Several guests encountered issues with amenities such as showers, which had low water pressure or temperature control problems.
  3. Room Comfort: Feedback indicated that some guests found the rooms to be small or cramped, affecting their comfort during their stay.
  4. Specific Complaints: While most reviews were positive, there were occasional complaints about specific experiences, such as a lack of hot water or ventilation issues.

📊 Performance

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

✍️ Description from the real estate agent

A hostel with 17 rooms, featuring unique characteristics, fully operational in the center of Lisbon, in the Graça area.

In a completely renovated building in 2017, in horizontal ownership, the space has 350m2 of gross private area and 3 large terraces spread over 3 floors. The rehabilitation carried out allowed the preservation of the old structure, giving it great charm, while also providing it with modern materials and quality finishes, ensuring all necessary comfort.

The sunny and spacious rooms have capacity for 55 beds distributed among rooms of various sizes - including studios, double, triple, and family rooms, some enjoying sublime views over the historic center of the city. Highlights include the wooden flooring, PVC double glazed windows, reversible Mitsubishi air conditioning, and electronic room access system.

The hostel offers reception service, kitchen for guests, laundry service, and automatic check-in system.

The hostel has been in operation for 6 years and enjoys great visibility and an excellent online approval rating: 4.5 on Google Maps and TripAdvisor. The company has been operating since 2005, having opened, at that time, the second hostel in the city of Lisbon.

Central location, in one of the trendiest neighborhoods of Lisbon - Graça, and just a 5-minute walk from the 'Anjos' metro station and the extensive Almirante Reis avenue.

If you are looking for a fully operational asset, with a high occupancy rate and immediate profitability, this is the ideal opportunity. It involves the sale of the company, with proven results over 18 years of activity, through the transfer of quotas of the managing partners.

Another interest in acquiring the asset is the possibility of transferring the AL fractions for residential rental, which allows, under the new MaisHabitação package, to benefit from full exemption from property income taxation until the end of 2029, in terms of IRS and IRC.

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