Portugal.gif (33518 bytes) Portugal
A Public Company offers the following 3 properties:
 
* An old farm
  • Area: 90,000 m2
  • Includes: 25 villas, 40 apartments, tennis court
  • There is an officially approved Project to alter the built-up areas to the extent of 27,000 m2

 * 3 star hotel #1

  • 80 rooms, restaurant, bar, swimming pool
  • Built on the land belonging to the farm described above.

 * 3 star hotel #2

  • 135 rooms, restaurant, bar, meeting room, gymnasium, swimming pools (indoors and outdoors)
  • Built right on the beach

The occupation rate of these hotels averages about 90% throughout the year.

The President the Company holds about 70% of the shares and therefore controls the whole group.

All of the above is included in this price.

Prepared to sell his controlling position for $11,660,000.00 US

Thank you

REFERENCE # 431

AR(C2207) 20