Mercan Group releases 11th project: Porto Art’s Suites – A member of Porto Art’s Hotel

• 25 February, 21

Porto Art Suites is an exquisite serviced apartment-hotel project; together with its sister-branch Porto Art Hotel; combining into a collection of “Porto Art Selection” that Mercan Group/RAG Group develops to specially cater smart travelers to the exciting city of Porto.

Located in the historic center zone with only 10 minutes’ walk to tourist spots in town; Porto Art Suites is unique in offering guests not only the comfort and quality from a standard hotel Suites criterion; but also aim to bring the “Feel Like Home” atmosphere to its clients.  The hotel is an expansion part of Porto Art Hotel; that offer 24 spacious and bright rooms; with a perfect blend of design and history. Guests can also enjoy access to restaurants and pool at Porto Art Hotel any time.

Total Project Cost:  7,7million EUR

Total Apartment:   24 Freehold

Call for: 21 investors

Each investor owns 1 bedroom apartment (T-1)

Special offer only for 3 investors; each owns 2 studios apartment

Investment amount:  start from 356,900EUR up to 386,900EUR

Estimate completion date: 4^th quarter 2022

Timeline: 18 months

Expected Rental Income: 5%- 7% /year  

ADVANTAGES OF THE PROJECT:

• Invest in a qualified rehabilitation real estate project in the Historic Centre of Porto under Portugal Golden Visa program; the only category remains unchanged while all other categories are increased starting 01^st January 2022.
• Hotel industry: Occupancy rate of hotels in Porto remains high at 77% (under normal condition)
• The project is a beautiful service apartment hotel in Porto; a luxurious expansion part of Porto Art Hotel Group offering Suites room to Smart Travelers.
• Freehold asset with reasonable investment amount; can sell at market price after 5 years.
• Expected Annual income between 17,800EUR- 26,700EUR (5%-7.5%/ year)
• Free 7 days stay at Porto Art Suites every year.

MERCAN/RAG is the largest hotel developer under Golden Visa program with investors coming from more than 40 nations worldwide. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.

Golden Visa Program/ ARI is the most competitive program that provides foreign investors the right to reside in Portugal/EU and opens a gateway to get EU Citizenship for themselves and their families. Golden Visa enacted since 2012 under 7 categories. Mercan Group launches 10 projects qualified for the Golden Visa Program under property rehabilitation category