A brand-new luxury resort will open in the central Algarve in spring 2023.
Their journey began in the most authentic landscape in the Algarve, among olive trees and oak valleys, a haven for an unspoiled way of life. A tranquil setting in which a wonderful community thrives in harmony with the natural surroundings, preserving the region's natural beauty and cultural heritage.
Surrounded by serene slopes and picturesque, white-walled villages, the Resort is part of a vibrant local community so golf, winding streams, white sand beaches and blue skies can be enjoyed alongside with local events where pleasant summers and mild winters invite you to explore nature and stroll through streets rich in gastronomy, culture and history.
The luxury hotel managed by an international renowned group Viceroy Hotels & Resorts includes an 18-hole golf course and provides an exclusive range of wellness experiences and outdoor activities, as well as recreational facilities tailored to families and children.
Here you have the option to choose from several investment properties that include branded apartments with full management services, luxury villas, townhouses, and apartments with rental management available.
It is not just about a real estate investment, but finding a unique, private, and peaceful quality of life in the Algarve's inland region.
The Resort in summary:
Main features of the Hotel Residences:
65 one- and two-bedroom freehold apartments integrated within a 5-star Hotel Group
All the Hotel residences Viceroy Residences will be managed, fully furnished and equipped according to the brand Viceroy Hotels & Resorts’ 5-star standards
Owners can use their apartment for up to 70 days per year (ad aeternum), with a maximum of 14 days in high season (July & August) and a maximum of 21 days in medium season (April, May, June, September, October)
When using their apartment, owners have access to all the Hotel’s services and facilities and have several owners’ privileges and discounts
When owners are not using the apartment i.e. for a minimum of 295 days per year, or more (if they use less than 70 days per year), the apartment is automatically available to be rented to guests in a rental pool system managed by Viceroy Hotels & Resorts, which ensures that the owner will receive a potential high rental income for as long as they own the apartment i.e. until they decide to sell it
Owners receive a guaranteed minimum net rental yield of 5% per year for the first 5 years. This 5% is calculated on the price of the apartment (excluding furniture) and is net of all condominium fees & running costs but before taxes