Hotel project in Lisbon.
Description
The hotel will include 63 rooms (21 single and 42 double).
Building permit is received.
The property is located on a busy street in the center of Lisbon, within walking distance of the metro and train station. There are various hotels, shops, a supermarket, cafes and restaurants located nearby.
Lisbon International Airport is 4 km away and easy to reach by public transport.
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%.