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A new hotel with residences called the Portals Hills Hotel is to be created on the site of the the 3-star Montemar hotel in Portals Nous. It will have 27 suites vacation rentals in florence oregon and two penthouses available to buy at a cost of 399,500 and 1,650,000 respectively.
After 40 years of providing accommodation to tourists visiting the island of Majorca, vacation rentals in florence oregon the 3-star Montemar hotel in Portals closed it s on the 30th September, just short of the end of the tourism season. It will now provide the skeleton structure for the new condo apartments that are set to open in September 2013.
This project has been put together by Finest Selection estate agents and will be managed by a subsidary partnership called Bliss Hospitality Group. Previous tourism laws and legislation have not allowed for a building such as this to built before. The estate agents have experience from Miami in this field and will achieve a 4 star rating for the new hotel and residences.
Many buyers already have their sights on bagging one of the 27 suites and penthouses. Each penthouse has 105m2 with an additional 100m2 terrace area. These top floor apartments, furnished with designer brand Fendi are selling for 1,650,000. Already 11 of the 27 apartments have been reserved by Brits, Germans, vacation rentals in florence oregon Swiss, Scandanavians and Americans.
The lucky 27 owners of these condos will not be the only ones to enjoy their luxurious furniture and settings in the isle of Majorca. The legislation states that owners may only use the apartments for up to 60 days a year and they must operate as regular hotel rooms for six months. Owners are entitled to 50% of profits on bookings vacation rentals in florence oregon of their apartments and Finest Selection estate agents estimate that owners will see a full return on their money within 11 years.
The Portals vacation rentals in florence oregon Hills Hotel will have 4-start status and employ vacation rentals in florence oregon around 40 staff. Amongst the facilities include a gym, spa and two restaurants, one by the pool and another open to the public, specialising in Mediterranean cuisine.
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