Algarve, Portugal: Ocean Grande Resort - Coming Soon
Grande Algarve offers a 750,000 GSF resort development of hospitality and residential property. The resort is an upscale waterfront development which includes 350 beachfront apartments, 90 villas and 1 five star hotel, complemented by sports and wellness amenities (18 court Grande Tennis Center, golf course and wellness center). Projected IRR is estimated to be average 25%.
The development offers stunning seaviews with nine beaches and a dramatic coast located in an idyllic location of the Iberian Peninsula.
For those seeking environmentally friendly concepts Grande Algarve development has a potential focus on “green” technology complemented by full-time luxury services. The resort is easily accessible from Faro International Airport - about 50 km, and near the local centers of Potimao (20 km) and Silves (12 km).
Portugal offers pristine beaches almost all year round unlike most European travel destinations which ranked the country as a top beach destination by World Travel Awards in 2012. In addition the country,awarded as a top golf destination, offers great opportunities for golf lovers .
Portugal was honored with 16 top awards by the prestigious 2014 World Travel Awards Europe for the best hospitality developments and best operated properties, most of which were located in the Algarve and the island of Madeira.
International tourists mainly come to the Algarve from Europe, United Kingdom, Germany, Ireland, the Netherlands, Spain and France. More than 90% of the total passengers processed in Faro airport wereforeigners and more than 85% of total nights spent in the region in 2013-14 were by foreigners.
GRANDEINVEST & THE GRANDE ORGANIZATION: GrandeInvest is an advanced technology based investment real estate platform offering financial participation in sports celebrity branded and international prime real estate worldwide. It is a product of The Grande Organization LLC (TGO) based in New York, New York. The Grande Organization markets and develops integrated luxury real estate, investments, and related branded sports amenities. The Grande Organization’s real estate portfolio includes Grande Club and Residences, Grande Residences, Grande Resort, Ocean Grande Resort, Harbour Grande, and Grande Mountain Villas. Its development focus is on properties in key metropolitan cities and waterfront destinations throughout the Americas, the Bahamas and the Caribbean, Asia, Australia, Great Britain, Europe, and the Middle East. Qualified investors can benefit from investments in mixed-use developments, hotels, retail, SPAs, restaurants, as well as residential and vacation properties.