Attractive investment opportunity for the development of an exclusive 4- or 5-star wellness boutique hotel in Alvor, with a maximum gross construction area of up to 3,311 m²

€850,000
  • ~6,622 m² Plot surface

Description

More than just a plot of land – a unique opportunity to create an exclusive wellness destination in one of the Algarve’s most sought-after tourism locations.

With a land area of 6,622 m² and designated as a Tourism Development Zone, this property offers a highly attractive combination of development potential, strategic location and strong market positioning. According to the Land Staging® analysis, the development of a 4- or 5-star Wellness Boutique Hotel with a gross construction area of up to 3,311 m² represents the scenario with the greatest potential for value creation, market differentiation and long-term commercial sustainability.

Inspired by the origins of the Ria de Alvor, where several waterways converge before reaching the Atlantic Ocean, the “Convergência” concept was created—a vision that brings together nature, wellness and hospitality to deliver a distinctive hotel experience deeply connected to its surroundings.

Imagine a destination where guests begin their day overlooking the Ria de Alvor, explore scenic trails through protected natural landscapes, enjoy carefully curated wellness programmes and experience an atmosphere of tranquillity, authenticity and relaxation. This is the vision that defines the “Convergência” concept.

Its proximity to the Ria de Alvor, pristine beaches, renowned golf courses and the region’s key tourism infrastructure creates exceptional conditions to meet the growing international demand for wellness-focused travel, nature-based experiences and authentic destinations.

More than simply developing a hotel, this opportunity offers the chance to create a distinctive hospitality asset with its own identity—one that generates long-term value through differentiation, a strong sense of place and a market positioning aligned with the continuing growth of the global wellness tourism sector.

Highlights

  • Land area: 6,622 m²
  • Designated Tourism Development Zone
  • Development potential of up to 3,311 m² gross construction area
  • Recommended use concept: 4- or 5-star Wellness Boutique Hotel
  • Exclusive site concept: “Convergência”
  • Immediate proximity to the Ria de Alvor, the beaches and several renowned golf courses
  • Established international tourism market
  • High potential for value appreciation and differentiation
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Engel & Völkers Portimão

Your advisor: Sandra Marques

Property ID: W-02ZGJT

Property details
  • Object type

    Site

  • Plot surface

    ~6,622 m²

Location: Alvor, Faro District

Alvor is a fishing village, located on the banks of the Odiáxere river and just a few steps from one of the largest sandy beaches in the south of Portugal, which has become a relaxed and tourist destination. Alvor has a very characteristic Portuguese style with its whitewashed houses, narrow cobbled streets and small fishing boats lined up along the banks of the Odiáxere. The city center offers a wide selection of restaurants, cafes and bars for all styles and tastes. A few minutes by car, golf lovers can practice their favorite sport on the championship course of Golf Penina, on Alto Golf and, a little further north, on the two other golf courses of Alamos and Morgado. Distances (in km and by car) from Alvor to: • Praia da Rocha - 3 km (approx. 5min.) • Portimão - 6 km (approx. 10 min.) • Lagos - 16 km (approx. 20 min.) • Faro International Airport - 75 km (approx. 50 min.)

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