The Carmo Convent is located in the historical city center of Évora.
Investment Type
Co-Ownership Investment
Individual Investment : €280.000,00
Project Benefits:
·Upfront Payment of 5% of the Initial Investment per Year, of the first 5 Years, corresponding to 70.000€.
·Upon sale of the Asset, between the 6th to 7th year, 50% of the Added Value from the sale is shared with the Investors, over the return of the initial investment.
·Client can book a Room for up to 4 Weeks per year, during the full program duration, divided by 1 Week in High Season, 1 Week in Medium Season and 2 Weeks in Low Season.
·Prime Location of the Asset, in a city classified as World Heritage by UNESCO at a walking distance from main attractions.
· Heritage & Historical Asset, dated from the XVI Century.
Évora belongs to UNESCO World Heritage since 1986. It is surrounded by Medieval Walls and has monuments from many different periods, like Diana Temple, an ancient Roman Temple.
It is a city that is older than Portugal itself. It was an important Celtic Settlement, followed by an important Roman city and even before it belonged to the Kingdom of Portugal, was also an important Moorish city.
Évora has many secrets and interesting places to visit, which is why it is on the top 5 of the most visited cities in Portugal.
Carmo Convent will be a wonderful 4* Superior Boutique Hotel.
The existing building dating from 1531, will be completely refurbished and modernized. All the important Historical and Heritage characteristics will be kept making the perfect symbioses with the new wing that will be constructed.
It will have 51 rooms with a contemporary and modern twist, making a clear and sophisticated contrast with the heritage of the Convent.
The Cloisters that were never finished will give place to a beautiful garden with a swimming-pool.
A Spa will also be available, to give exquisite comfort to all the guests.
This will be a 4* Hotel that will offer exceptional service and comfort to all guests, giving them the feeling of a 5* Hotel.
Carmo Convent is located in Évora Historical Centre. It is located within the City Walls, very close to the Roman temple of Diana, the Giraldo Sq or the Bone Chapel.
It was built to be a complete convent in 1531 but was never finished.
The Hotel project is fully approved for a 4* Superior Boutique Hotel, mixing the heritage with a modern twist.
Energy Rating: B
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