When you first visit Madeira you can’t be blamed for falling in love with the dramatic landscape, relaxed environment, beautiful flowers and gourmet cuisine. The towns and city ooze culture and you are never too far away from a festival in the calendar.
Madeira over the last few months has also received a significant amount of press regarding the expansion of global tourist routes, new cruise liners and the significant monetary backing from the European Union. Many famous journalists and branded magazines like Simon Calder and Conde Nast put the island in their top ten places to visit in the world!
Morgan Forbes, developers based in Funchal and London, have been investing heavily into this ever growing marketplace. Michael Nascimento, the Managing Director behind the company, is developing a 5-star hotel in Ponta do Pargo next to a Sir Nick Faldo designed championship golf course.
Recently the company has just been internationally accredited with a Gold Award from the magazine, Overseas Property Professional. Overseas Property Professional (OPP) is the only dedicated trade magazine and web site for overseas property agents, developers and associated professionals such as IFAs, FX and mortgage brokers, banks, fund managers, overseas property lawyers, media owners and PR & marketing professionals – anyone actively involved in the international homes industry.
The in Madeira will occupy a privileged position at the top of cliffs affording panoramic views of both the Atlantic Ocean and the soon to be built Sir Nick Faldo designed golf course as well as the clubhouse. Designed to take maximum advantage of the exceptional location and to offer the ultimate holiday retreat, the spacious 5-star hotel will consist of 68 rooms (61 Master Suites – all boasting a very generous average of 42m2 – and 7 Presidential Suites with an average of 81m2). Guests will be able to enjoy luxury facilities including a spa, gymnasium, treatment rooms, ocean-facing infinity pool, Madeiran-hallmark tropical gardens, and restaurants and bars.
Comments from OPP;
“We received our best ever crop of entries for the OPP Awards for Excellence this year and it is very clear to us that there are plenty of firms out there in the international property market doing very well at the moment.”
“The winners were selected by a panel of judges, who marked each entry against a set of strictly defined criteria. The criteria was published for all to see in the original awards application pack. OPP would like to pass on its sincere congratulations to all shortlisted entries and winners.”
Investors can purchase the right to receive an income from the hotel rooms, which has been affordably packaged to attract all levels of investors. Entry levels start at £6,750 and the hotel rooms are forecast to yield investors an attractive 12.4% per annum.
If you are interested in finding out more about the Ponta do Pargo resort and all the services offered by Morgan Forbes, please e-mail info@morganforbes.com or call 00351 291 001 000 and ask for one of our representatives.