Rural Tourism Property in Portugal

[Tiago Faria]

Hi BP Community,

We are selling our property in the country side of Portugal (Constância, 1 hour away from Lisbon), and would love to ask you guys if you know anyone or any investment fund that is looking at acquiring these types of properties overseas.

It is a rural tourism property with great history, currently used as a 10 bed boutique hotel.

Below some additional details:

• Location: Quinta de Santa Bárbara 2250-092 Constância, PORTUGAL
• Size: 38,410 m2 (413,441 sq ft) of land, and 3,200 m2 (34,444 sq ft) built area
• Condition: working hotel with 8.9 rating in Booking.com
• Number of bedrooms: 10 (project to increase capacity to 21 rooms)
• Restaurant, bar, swimming pool, tennis court, small gym, space for events with 200 people capacity
• Price: €1,950,000 ($2,261,970 at today's exchange rate)

It is surrounded by famous historical landmarks (such as "Fátima", or "Convento de Cristo"), and it has an historical background. 

With origins in the 15th century, it belonged to D. Francisco de Sampayo e Mello, a friend of Luís Vaz de Camões (most famous Portuguese poet). In the 18th century it was adapted to a Convent by Jesuit priests, who lived there until 1759. 

My family bought it in the 1970s, and adapted it to a rural tourism hotel, keeping its original traits.

As stated, the property is currently being explored as a 10 bedroom hotel by my parents + 3 employees, with an annual return of 7%.

Nonetheless, the potential is much higher, considering that the restaurant is only open 2 days a week, the bar is not fully being used, and the space for events is completely unexplored. Adding to this, there is a project to expand the hotel capacity to 21 rooms.

Fully explored and professionally maintained, we believe the property would yield at 12% per year.

You can have a look at the pictures in booking.com.

Looking forward to hearing your opinions and suggestions! 

Any help finding potential buyers would be extremely appreciated (plus, of course, you would have a free stay at our gorgeous hotel when you visit Portugal! :) )

Thank you very much.