Urban Land for hotel construction up to 100 beds in Sines.
This property is a fantastic investment opportunity in the Alentejo Coast, for those who work or want to work in the tourism sector. In addition to the growing demand of the region throughout the year, supported in part by the existing industry and tourism, industrial growth is also expected, already in 2021, with several development projects underway or announced.
With more than 5,000 m2 and a useful area of 3728.77 m2, this property is located next to another hotel and also to the city's campsite. Despite having had a project approved for 50 beds, this land has feasibility of construction up to 100 beds.
With easy and quick access to the beaches of the region, in a quiet urban area and close to the city center, this is the ideal place for a new hotel unit, which can benefit from the growing demand of the region.
To learn more about this opportunity, contact us!
Sines is a city located in the center of the Alentejo Coast, in rapid economic growth, being currently under development and planned investments in industrial, green energy, logistics and technological projects that exceed the billion euros (for more details, see our blog here https://vascodagamaimobiliaria.com/blog/).
Sines is a historic city, having been a small Fishing Village until the 70s of the last century, when the construction of the Sines Industrial Complex and port infrastructure began and the population grew.
Since then, the tradition of fishing has coexisted with the development of Sines, which is currently experiencing a new dynamic, especially with the bet on the technological sectors - this is where ellalink's submarine data cable is coupled, which connects Europe directly to Brazil and will host a hyperscale datacenter of start campus company, whose construction has already begun - and energy, in which the first largest-scale hydrogen and ammonia production project, promoted in partnership by the companies Madoqua Renewables (Portugal), Power 2X (Netherlands) and Copenhagen Infrastructure Partners (Denmark), has already been announced by the Government.
Alongside economic development with local and national impact, Sines (and the neighboring municipalities) offers unique conditions for those who like to live in tranquility, a step from the countryside and the best beaches of the Alentejo Coast, either to relax, or to practice sports such as surfing. São Torpes is in fact one of the best known beaches in the country for the practice of this modality, as well as Malhão, just a few km south, in the municipality of Odemira.
And all this 1h30 drive from Lisbon and the Algarve.