Ryanair recently announced it will launch its 39th base at Faro in March 2010 with six based air planes and 14 new routes (28 in total) being launched. The well known budget airline will run over 200 weekly flights to/from Faro in an $400 million investment in the airport.
The new routes have been launched to help fulfil a growing demand for easy, affordable flights to the region from across Europe. Portugal has a strong and sustainable tourism demand with 11 million visitors in 2009 (WTTC) and annual growth of 3% forecast until 2017.
The new routes which include Faro to Birmingham, Kerry and Knock will improve the accessibility to the Algarve from both the UK and Ireland, a good sign that the Algarve will see a growing number of visitors which in turn will generate a greater demand for touristic accommodation and also boost demand for property for sale in Portugal.
This is good news for the recently launched Gotel an apart-hotel or hotel room investment opportunity perfectly located in the very popular western Algarve, overlooking the spectacular Praia Tres Irmaos at Alvor. The hotel is owned and operated by the Pestana Group, Portugal’s biggest hotel and leisure operator, with
Steven Worboys, MD of the specialist overseas property investment company Experience International, stated:
“The Gotel presents a unique opportunity to invest in a boutique hotel in Portugal’s highly sought after Algarve region and attractive Portugal property market. This project provides a next generation approach to property investment; apart-hotel rooms are widely regarded as a first-class turnkey investment method that are fully managed for the investor and require minimal involvement.”
The investment only has 38 properties available and provides an excellent opportunity to own an apart-hotel room within one of the Algarve’s well established and reputable hotels.
Spectacular Sea Views
Currently occupying a prime location in Alvor, a top tourist area in the Algarve, the hotel when completely refurbished will combine luxury hotel rooms with boutique chic and spectacular views over the famous PraiaTres Irmaos.
For further information about the Gotel investment opportunity please contact Experience International on +44 (0) 207 321 5858 or visit www.property-for-sale-in-portugal.co.uk
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