This fantastic new project is a former 17th-century convent that is being stylishly rehabilitated into a luxury five-star boutique hotel, located in the town of Borba.
The charming town of Borba falls within the Evora district and is around a 35-minute drive from Evora city centre, a stunning UNESCO World Heritage Site. Borba and the surrounding Alentejo region is rich with vineyards and famous for its wine production. Because of this, the hotel is proud to offer its own exclusive wine club which will showcase some of the country’s finest wines to its members.
The impressive historic building benefits from one of the most precious cloisters in southern Portugal. The hotel has been tastefully designed with this feature in mind and will be carefully styled to compliment all of the building’s original beauty and charm. The hotel will comprise of 55 hotel suites and 46 exclusive freehold villas. Facilities will include a spa, an outdoor & indoor pool, a restaurant and bar, indoor and outdoor event spaces, a kids club, tennis court & paddle court. The developer is also offering investors a rental return and buy-back on some of the units.
- 55 hotel suites, shares priced at €280,000 with a guaranteed buy-back;
- 46 exclusive freehold 1 and 2 bed villas priced from €300,000 to €395,000 with 3% guaranteed rental for the first year;
- Investors receive 7 days of free usage each year;
- Hotel facilities- spa, pools, restaurant and bar, event spaces, kids club, tennis & paddle courts, exclusive wine club;
For further details, please contact our expert advisors.
This project qualifies as a touristic commercial project and therefore qualifies under Portugal’s new Golden Visa legislation for 2022. Investors can apply for a Portuguese residency visa by purchasing a share in this property at just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.