Ryanair have announced they are to open its 39th base at Faro in March 2010 with 6 based aircraft and 14 new routes (28 in total) being launched. The popular budget airline will run over 200 flights each week to/from Faro in an $400 million investment 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 annual growth of 3% forecast until 2017.
The new flights which include Faro to Birmingham, Kerry and Knock will make the Algarve even more easily accessible from the UK and Ireland, a good indication that the region will receive an increase in tourism numbers which should generate higher demand for touristic 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 perfectly located in the very popular western Algarve, overlooking the spectacular Praia Tres Irmaos at Alvor. The Gotel is operated & owned by the Pestana Group, Portugal’s largest hotel and leisure operator, with a thirty year track record and thus assuring the future success. The hotel itself has a 15 year operating history.
Steven Worboys, MD of the specialist overseas property investment company Experience International, stated:
“The Gotel presents an excellent 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 widely regarded as a first-class turnkey investment method that are fully managed for the investor and require minimal involvement.”
The investment is limited to 38 units and provides an unique opportunity to own an apart-hotel room within one of the Algarve’s most established and reputable hotels.
Spectacular Sea Views
Currently occupying 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
Tags: Experience International, Hotels, Portugal, tourism
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