Hotel with an expansion project in Principle Real.
Description
The property includes:
- a seven-story hotel with 18 rooms with a total area of 1,213 m²
- a building with a project for expansion and construction of additional 50 rooms with a total area of 2,951 m²
The price includes the hotel and the building next to the hotel
with approved project for expansion. It does not include the construction works.
The Principle-Real district in Lisbon is one of the historical districts of the city, located quite close to its center. It attracts with its palaces, museums, antique shops and gardens.
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%.
