The Riverside hotel will be located about 7km from Faro airport. This airport has direct international connections to several countries. Faro is the largest city in the Algarve region, the city of arrival for millions of tourists that visit the Algarve due to its beautiful historical heritage, entertainment, shopping and its outstanding beaches. The city has all the essential day-to-day services nearby, along with excellent restaurants serving the region’s traditional dishes and tremendous tourist spots to visit. In 2021, Faro was voted World’s Leading Beach Destination and Best Summer Destination in the World Travel Awards.
• Total Project Investment: 40.6M EUR
• An exclusive 4-star Hotel with 133rooms (Flagged by an international brand)
• Call for: 145 investors
• Investment amount: 280,000 EUR/Investor
• Guaranteed Buy -back: 100%
• IMT and VAT are paid by the Developer
• Project is qualified for the Golden visa program
• Expected Completion date: 3Q2024
- ► PROJECT CONCEPTThe Riverside Hotel Faro was designed under a distinct concept: A vibrant modern color palette in the interiors, complemented by natural light and locally influenced design and decor.
The main features of this 4-star signature hotel comprise estimated 133 boutique rooms with luxury details, Gym created for dynamic people, Spa with a relaxed and clean ambiance and a swimming pool to recharge your energy.
Guests can enjoy an intense taste for real moments in the Bar and Restaurant with a very elegant and refreshing atmosphere.
The Riverside Hotel’s promenade has a special character where guests can walk, enjoy, visit the local markets and appreciate the views of the surrounding beaches.
✧ 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.
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
✧ 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 5 years