HOTEL LUK RESIDENCES

HOTEL LUK RESIDENCES


Project Description

PROJECT DESCRIPTION

The project is about the rehabilitation of Casa da Companhia, an emblematic building that was built in 18th century in Porto, and converting it into a 5 star Lux Residences hotel with:

  • 2 decorated and equipped suites
  • Club and Spa
  • Indoor and outdoor swimming pool
  • Fine dining restaurant and shop

Located within the heart of a tourist zone in the second largest city of Portugal, Porto is one of the oldest European centres, and its historical core was proclaimed a World Heritage Site by UNESCO in 1996. Casa da Companhia receives not only support from local government but also from the EU through financial fund Portugal 2020.

  • Total project cost: 11.2 million EUR
  • Total project cost: 11.2 million EUR
  • Total investors: 32
  • Investment amount: 350,000 EUR per investor
  • Construction timeline: 12 months
  • Annual rental guarantee: 4% EUR
  • Total benefits after 6
  • years of investment: 83,000 EUR

BENEFITS OF INVESTORS

  • To be reimbursed a municipal tax of land worth 13,000 EUR upon completion of the project
  • No annual property tax
  • Receive 4% Return on Investment annually
  • Become the Owner of the hotel
  • Flexible Exit strategy
  • Stay in the hotel to comply minimum time requirement of Golden Visa program

ADVANTAGES

  • Invest in a qualified restoration real estate project located in Historic Centre of Porto, a World Heritage Site proclaimed by UNESCO
  • Portugal Fund 2020 support finance during construction
  • The project is the second 5 star hotel in Porto
  • City of Porto is top 5 cities in Europe that attract tourists worldwide
  • Occupancy ranking of hotels in Porto is more than 70%
  • Low investment amount of only 350,000 EUR