MERCAN GROUP – LAUNCHING NEW PROJECT IN LISBOA, PORTUGAL
“PROJECT NO. 20TH – RIVERSIDE DOWNTOWN HOTEL LISBOA” 4 – STAR HOTEL
This hotel is located on the emblematic Avenida 24 de Julho, one of the most well-known avenues in Portugal, Riverside Downtown Hotel is surrounded by a variety of services, transportation and restaurants, including the famous Time Out Market Lisboa.
Next to the Tagus River, Riverside Downtown Hotel Lisboa will be the perfect balance to connect people and places.
Lisbon is known for its historical heritage, ornate architecture, musical tradition, incredible, vibrant life and trendy city, especially in the Cais do Sodré area next to the hotel.
◼️ PROJECT INFORMATION:
- Total Project investment: 38.5M€
- Call for Investors: 110
- Investment starting: 350.000€
◼️ SCOPE OF THE PROJECT
- A boutique 4-Star Hotel with 70 rooms
- Flagged by an International Brand
◼️ PROJECT TIMELINE
- Call for investors: December 2022
- Expected Completion date: 1Q2025
✭ PROJECT CONCEPT:
Riverside Downtown Hotel will be a boutique hotel with character, perfect for welcoming guests with personality.
This project was created for remarkable design moments, bold use of color, and outstanding art installations. With estimated 70 beautifully colorful rooms, the facilities of this 4-star hotel also includes a bar, restaurant and interior garden.
The unique combination of a prime location and creative boutique design, makes this hotel’s focus on creating spaces that bring people together and experiences that connect them to the surrounding community.
◼️ ADVANTAGE:
- Free IMT & VAT fee for investors
- Free 7 days stay per year at the hotel for main investor and spouse.
- Receive special room rate for main investor in case of exceeding 07 day stay.
- 3% per year and Guarantee buy-back 100% after 6 years
◼️ FACTS:
MERCAN is the largest hotel developer under Golden Visa program with investors coming from more than 50 nations worldwide. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.
◼️ BENEFITS OF RESIDENCE CARD HOLDER UNDER GOLDEN VISA:
Get Residence Card for investor and family members (Spouse, dependent children and parents) through investment under Golden Visa program
- Entitled of free movement within 26 Schengen countries
- Opt out Visa application process to enter into EU
- Be entitled to live in a safe and peaceful country
- Free Public school for kids
- Premium quality of health care for parents
- Private insurance ranges from 200 up to 700EUR/ year
- Only stay 7 days a year in Portugal to keep residence card valid
- Chance to apply Portuguese/EU citizenship after 6 years
