Monarque Funds invests €2.7 million in Palacete Mateus Silveira, achieving an 8% IRR upon exit, highlighting the favorable conditions in the Portuguese hospitality market.
Target Information
Palacete Mateus Silveira is a premier hotel situated in Faro, the capital of the Algarve region in Portugal. As a major transport hub, Faro is home to an international airport and a railway station, making it easily accessible for both domestic and international travelers. The hotel benefits from its prime location alongside the stunning coastline of the Ria Formosa and its beautiful beaches, appealing to tourists seeking both relaxation and cultural experiences.
The property features a substantial gross construction area of 3,792 square meters, comprising 75 apartments, a rooftop swimming pool, a bar, and parking facilities. The blend of heritage and modernity, combined with proximity to the city center and marina, positions Palacete Mateus Silveira as an ideal destination for those wishing to enjoy a mixture of beach leisure and cultural activities.
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Industry Overview in Portugal
The hospitality and tourism sector in Portugal has been a cornerstone of the country's economy, particularly in regions like Algarve, which is renowned for its pleasant climate, picturesque
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Disclosed details
Transaction Size: $3M