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
