Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Cape Verde.
Cape Verde is becoming an increasingly popular tourist destination, particularly for Europeans, due to its beautiful landscapes, beaches, and year-round warm weather. With tourism being a major contributor to the country's economy, real estate developments in areas with high tourist traffic can see strong demand, especially for vacation rentals, hotels, and resorts.
Cape Verde's location off the coast of West Africa makes it a strategic hub for international trade, tourism, and business connections. This proximity to Europe and the Americas adds value to real estate investments as it can attract people from various parts of the world.
With its friendly climate, affordable cost of living, and high quality of life, Cape Verde is becoming a popular destination for expatriates and retirees, especially from Europe. This demand is expected to continue rising, creating more opportunities for real estate investments aimed at this demographic.
Cape Verde is increasingly focusing on sustainable development, and eco-friendly buildings are gaining popularity. Real estate developments that prioritize sustainability could attract environmentally-conscious buyers and tenants, giving them an edge in the market.
Cape Verde welcomes foreign investors, and the process for purchasing property is relatively straightforward compared to other countries. Foreigners can buy property in most areas, with a few exceptions, making it an accessible market for international investors.
Investing in new real estate developments in Cape Verde presents a promising opportunity due to its growing tourism sector, improving infrastructure, strategic location, and favorable investment climate. With diverse opportunities ranging from residential properties to large-scale developments catering to tourists or expatriates, Cape Verde offers both short-term rental yields and long-term capital appreciation.
