Travel Tips

Ryanair recently announced they are to open its 39th base at Faro in March 2010 with 6 based air planes and 14 new routes (28 in total) being launched. The popular low cost airline will operate over 200 flights each week to/from Faro in an investment of over $400 million 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 an estimated growth of 3% per year 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 region will receive an increase in tourism numbers which should generate a greater demand for quality 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 ideally situated in the sought after western Algarve, overlooking the spectacular Praia Tres Irmaos at Alvor. The Gotel is owned and operated by the Pestana Group, Portugal’s largest hotel and leisure operator, with a thirty year history and therefore assuring the future success. The hotel itself has a fifteen year operating history.

Steven Worboys, MD of the specialist overseas property investment company Experience International, stated:

“The Gotel privides a unique opportunity to invest in a boutique hotel in Portugal’s highly sought after Algarve region and attractive Portugal property market. This project represents a next generation approach to property investment; apart-hotel rooms are now 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 in one of the Algarve’s well established and reputable hotels.

Spectacular Sea Views
Situated in a prime location in Alvor, a top tourist area in the Algarve, the Gotel when completely refurbished will combine luxury hotel rooms with boutique chic and spectacular views over the famous PraiaTres Irmaos.

For more 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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