New 5-star boutique hotel in a restored historical building

The only 5-star hotel on Faial Island. The hotel consists of 2 buildings: main building + an apartment house + there are office spaces in the adjacent building.Main building (1750 m2) features 20 Deluxe and penthouse rooms. Apartment house (350 m2) has 5 family rooms with 2 commercial spaces on ground floor. Integrated residential premises in the adjacent building 2: 120 m2 ( for hotel office, storage, and other auxiliary spaces). The total area across the three buildings: 2,220 m2. The total site area (freehold): 1,301 m2 . All permissions, licenses and approvals obtained. Subsidy signed under the Competir+ program for a reimbursement of €2.7 million Euro. Hotel сompletion progress is 75%. Estimated Duration for Final Project Stage until Hotel Launch: 12-14 months. Current Project Status: Awaiting financing for the final construction stage. Current Property Status: Preserved and capable of resuming construction within 7 days. Equipment Procurement: All kitchen, spa, pool, and elevator equipment has been delivered to the site and stored, totaling €1 million.