Mercan launches 25th project: Madeira Grand Hotel
- 11 July, 23
Mercan pleased to launch a new 4-star hotel project – Madeira Grand Hotel which qualified for Portugal Golden Visa program.
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. This is an important urban center, full of history, tradition and craftwork trades, which makes it an unavoidable landmark of Madeira capital’s lifestyle.
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. 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.
- Investment amount: 350,000 EUR
- Call for: 120 Investors
- Total project cost: 42M EUR
- Guarantee 3% annual income & Buyback after 6 years
- IMT and VAT are paid by Developer
- 7 days free stay per year
- Estimate completion date: 3Q, 2026
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Mercan Asia – Part of Mercan Group of Companies is the Global Support Center for International Investors. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commits to being the most professional, transparent, and trusted partner for our investors in Portugal.