One of the most famous Portuguese real estate market players has presented its new Express Holiday Inn Évora Hotel, based in the beautiful tourist city of Evora. It attracts investors looking for a Portuguese residence permit with the Golden Visa Program. This option is the cheapest one so far — €280,000 investment only.
The investment — €280,000
Free stay for 7 days a year
In 5 years, you get a passport of an EU citizen
Holiday Inn Express is a three-star 72-room hotel under construction. It is located in Evora city, eastern Portugal, just 1.5 hours away from Lisbon and one hour from the Spanish border.
The hotel is managed by IHG Hotels & Resorts, owners of the InterContinental brand. During their almost 70-year history, the hotels have served hundreds of millions of guests around the world. With 170 hotels in over 60 countries, IHG Hotels & Resorts is one of the most recognized and trusted travel brands globally.
The hotel is located in the historical city center with the preserved fortress walls from the ancient Roman era. The classic front of the Holiday Inn Express harmonizes perfectly with the historic ambiance of Evora. The hotel provides a swimming pool, lounge bar, conference room, breakfast area.
Ragroup, with 11 productive projects on their account, stands as a real estate developer. It is a part of Mercan Group, a network of companies founded in 1989, successfully operating in labor, educational, and investment immigration.
Head of the Business Development Department at Migronis
The Portuguese Golden Visa is an attractive option for several reasons:
This project does not have the profitability typical for similar projects. Still, the developer’s cost coverage during the registration process comes even more worthwhile.
Ragroup offers to invest €280,000 in one hotel room that gives the right to apply for the Golden Visa. It is €70,000 lower than the standard minimum investment provided by the Portuguese residence permit program.
In addition, in five years of retention, the real estate developer will buy out the cost of the room and return the money to the investor. Thus, investing in Evora Holiday Inn Express is a perfect option for people not planning to live in Portugal but looking for benefits with a Portuguese residence permit — and as fast and cheap as possible.
Total project cost: €16.8 million
The object for purchase: hotel room
Invited: 60 investors
Approximate opening date: Summer 2023
Resale of the object: in five years of retention, the developer will buy out the investor’s share
Buyback guarantee: 100%
Accommodation in the hotel: seven days a year for the investors and their family members
Obtaining a residence permit: despite such a low investment price, buying a room in this hotel gives you the right to obtain a Portuguese residence permit under the Golden Visa Program.
Evora is the center of a large agricultural area, the district of the same name. Therefore, here you won’t be disturbed by the noise and smoke of plants and factories. There are many enterprises for processing grain, grapes, olives, etc. around. Hence, the freshest products are always available in the local markets.
This city is always quiet and cozy. Even the usually loud crowds of tourists lower their voices here, overwhelmed by the ancient grandeur of the local palaces. The only significant source of noise can be the University of Evora and its students. But on the other hand, the local university brings a constant flow of new people — applicants, students, and tourists.
Evora is a museum city, a part of the UNESCO World Heritage.
Here is the legendary Roman Temple of Evora, constructed in the first century AD at the times of the Roman Empire, in honor of Emperor Octavian Augustus. The temple is officially recognized as the most well-preserved ancient monument in the entire Iberian Peninsula.
Close to the temple, you can find the Palace of King Manuel. It is the place where the Portuguese Parliament gathered in the 1400s, and the famous discoverer Vasco da Gama headed the fleet for his journey to India.
Outside the Palace, you should visit another one — the Palace of the Dukes of Cadaval. In this residence of the Portuguese kings, admire the family portraits of the ancient aristocracy of Portugal, the knightly weapons of the Aviz Order, and the fascinating antique Bibles.
And finally — the Se Cathedral, which proudly towers above all this beauty. It was built at the end of the 13th century, being now one of Portugal’s most interesting Gothic monuments.
In addition to the main attractions listed above, the entire historic city center is filled with tiny ancient churches, mighty monasteries, large and small palaces, chapels, and aqueducts. So make sure you have enough time to stroll around the narrow streets and plunge into this glorious, enchanting past of Portugal.
Evora Holiday Inn Express investment works for you if you’d like to obtain a residence permit in Portugal and benefit from it but are not interested in moving there. The lowest investment, trusted real estate developer, five-year return on investment, and a great getaway destination — Holiday Inn offers everything an investor needs.