Development in Funchal (Sé) Funchal

Funchal, Portugal

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.

120 – Call for Investors
350.000€ – Investment Amount
42M€ – Total Project Investment

– Project Benefits
– IMT Paid by the Developer
– VAT Included
– 3% per year and guaranteed buyback
– 7 Days Free Stay in any Mercan Properties Hotel in Portugal*
– Project Timeline
– Call for investors: July 2023
– Expected Completion date: 3Q2025

Located in a bay by the Atlantic Ocean, in the south coast of Madeira Island, Funchal is the capital of Madeira’s archipelago. It is a city full of history, culture and entertainment, cosmopolitan, therefore being the island’s largest touristic centre.

Funchal’s municipality is shaped like an amphitheatre, world known for the famous fireworks at the New Year’s Eve and extends over a hill that goes from sea level up to 1818 m of height at Pico do Areeiro.

A firm favorite of Conde Nast Traveller’s readers, Funchal is 20km from the international airport, it provides the perfect base from which to explore the stunning and varied archipelago of Madeira. The winter months of December and January are pleasantly sunny with highs of 14 degrees.

-PROP-028758