Avenida Arriaga is one of the oldest and most dynamic streets of Funchal. An important urban center, full of history, tradition and craftwork trades, which makes it an unavoidable landmark of Madeira capital's lifestyle. With narrow cobbled streets, secular houses and traditional restaurants, the entire length of this avenue is flanked by traditional Portuguese cobblestones, covered with majestic century trees. One of the center's most iconic buildings is the Golden Gate. An historical site where the society of Funchal and visitors from around the world gathered alike. Back in 1933, one of the most translated Portuguese novelists in the World, Ferreira de Castro, coined a phrase: The Corner of the World! ‘which’ gained more and more popularity with time, being a part of the town’s very heritage.
Madeira Grand Hotel will be the rehabilitation of one of Funchal´s most iconic buildings “Golden Gate” into a 4-star Superior Boutique Hotel in the city center. This 4-star hotel will be located on Madeira Island, one of the oldest and most picturesque areas of Funchal, covered by a protected historical area. The hotel will have 6 floors, with approx. 78 rooms, a rooftop bar and restaurant with a panoramic view of the city and the ocean with comfort standards of the international hotel brand. Funchal is an important urban center, full of history and tradition, which makes it a unique landmark of the Madeira Lifestyle.
SCOPE OF PROJECT
This Golden Visa real estate investment of €350,000 is a charming 4-Star Hotel with 78 rooms Flagged by an International Brand.
The Project benefits IMT Paid by the Developer (VAT Included), will have 3% guaranteed return, guaranteed buyback and 7 Days Free Stay.
• €350,000 Golden Visa
• 3% Guaranteed Yield
• Guaranteed Buy-Back
*Expected Completion date: 3Q2025 *