Apartment for sale, Borba (São Bartolomeu), in Borba, Portugal

Much more than a hotel, a unique experience in one of the most remarkable 17th century buildings in Alentejo. The development is a complete rehabilitation of an old convent dating from 1604 with one of the most precious cloisters in Portugal. This project aims to rehabilitate the convent by transforming it into a boutique hotel in a historic property in Borba. It will have 55 rooms, 45 exclusive villas, plunge pools, spa, outdoor pool, restaurant, indoor and outdoor bar and space for events. It will bring the Borba Wine Experience to a 4-star hotel, with a strong connection to the vineyards, a key element of the region. Rehabilitation will start shortly and the works are expected to be completed in late 2024 or early 2025. This project offers 2 options: “co-ownership” with a repurchase option and guaranteed return of 2.5% per year; the villas, without repurchase and variable profitability, but the rental management would always be done by the hotel. Owners will be able to enjoy 7 nights a year and will also have a golden card that will give discounts and upgrades at other hotels in the group. Borba is the center of an administrative area that is small but fiercely proud of its identity. This identity dates back to the very founding of Portugal as a nation-state, as evidenced by the castle and city walls commissioned by King Afonso II. This is one of those cities in the interior of Portugal that would be easy to go unnoticed if not for its magnificent past. The Real Convento das Servas is a cornerstone of that past that gave this region its place in history. Built in the 15th century hermitage where the Confraria dos Servos de Nossa Senhora operated, the structure was bequeathed to the Franciscan Order of the Province of Algarves in the early 18th century. It quickly became one of the most important buildings in Portugal. Its decorations depict the transition from Baroque to Rococo. With the extinction of religious orders in the 19th century, the church fell into disrepair. However, it retained its structural integrity, making it ripe for rebirth. Now it's a place to connect and celebrate history. An exquisite concept in a genuine and picturesque landscape!