App SUPERCASA - Ontdek uw nieuwe huis
App SUPERCASA
Ontdek uw nieuwe huis
Open
App SUPERCASA - Ontdek uw nieuwe huis
App SUPERCASA
Ontdek uw nieuwe huis
Open
Nieuws op de vastgoedmarkt
Categorieën
Real estate

New hotel in Caldas da Rainha to go ahead soon

28 FEBRUARI 2024
Onderwerpen
Imóveis Hotéis Portugal Reabilitação Urbana Rendas Casas Devolutas
Under the Revive Programme, the project has an estimated investment of 15 million euros and work could start soon.
New hotel in Caldas da Rainha to go ahead soon
Source: Freepik
Author: Redaction

The three buildings of the D. Carlos I Park Pavilions in Caldas da Rainha, which have been vacant since 2005, are to be transformed into a luxury hotel under the Revive Programme. According to the local authority, work is due to start soon, beginning with the restoration of the buildings' roofs and attics.

This refurbishment is included in a concession contract "won" by the Visabeira Group, signed in 2017, which envisages the transformation of the three buildings into the future five-star Montebelo Bordalo Caldas da Rainha Hotel, in an investment of around 15 million euros.

According to the local authority, "we note that the work to recover the pavilions from the fire they suffered in September 2023 will begin very soon [and] we believe that this start of work will be linked to the entire construction project".

Concessioned to Visabeira through the Revive Programme public tenders, they will remain under the group's control for a period of 48 years, and the initial plan was for the new five-star hotel to open in 2020. However, it's only now that the "licence is in a position to be lifted and the work can begin".

The concession contract provides for the payment of a monthly rent of €3,500, with a 23 per cent VAT rate, which will begin to be paid by the group after five years from the opening of the hotel.

Also read: Public tenders for housing aren't attracting applicants, Torres Vedras will strengthen its housing response capacity
Onderwerpen
Imóveis Hotéis Portugal Reabilitação Urbana Rendas Casas Devolutas
Wil je het laatste SuperNieuws ontvangen?
pixel pixel