The main difference between conventional residential apartments and Apartments inserted in a 5 Star Apart-Hotel are the services that are provided to the owners. Furthermore, in the case of Apartments inserted in a 5 Star Apart-Hotel there is a possibility of obtaining an income through the hospitality services provided by the Operator.

By design, Apartments inserted in a 5 Star Apart-Hotel are defined as apartments for rentability, managed by a sole operator, picked out by the developer.

The operator will manage all the apartment units in the building for short-, mid- or long-term stays, however, however the owner is not bound to put his apartment for exploration and may use the apartment as a permanent or occasional residency.

Yes, providing you communicate the intention of using your apartment for an undefined time to the operating company.

Notwithstanding, you will need to maintain your apartment duly furnished and equipped as if it was under exploration.

The owner of an Apartments inserted in a 5 Star Apart-Hotel has the following rights:

                             Benefit from the services provided by the operating company.

                             Receive the income agreed with the operating company for your accommodation unit (apartment)

                             Use your accommodation unit (apartment) during the extension agreed with the operation company

Overall, the owner of an Apartment inserted in a 5 Star Apart-Hotel needs to pay special attention to the following duties:

Avoid any act that may put at risk the touristic nature of the apartment. The apartment should be in condition to be rented at all times.

It is not possible to rent, or assign management to any other operator other than the one that will manage Nama House | Carcavelos  (Nama Hospitality)

Like any residential building, you will have a monthly building management cost. In the case of the Apartments inserted in a 5 Star Apart-Hotel at Nama House | Carcavelos, owners will be asked to pay the operation company a periodic installment that will cover the following:

• Cover the maintenance, upkeep, and operating expenses of the tourist apartments.
• Cover the front desk, safety, and cleaning of the common areas of the touristic apartments.
• Cover the services of the official accountant
• Cover the services of the Operating company
• Cover additional services that may be hired

One of the clear specifications of  Apartments inserted in a 5 Star Apart-Hotel Building is that the whole building is managed by one sole company. It will not be possible for each apartment owner to choose a different company to manage their apartment.

You may, as long as all legal requirements are respected and the touristic use is not jeopardize, but prior authorization from the Operating company is mandatory.

The use permit issue indicated the touristic nature of the building’s use, so when you sell your apartment, it will still be an Apartments inserted in a 5 Star Apart-Hotel.

The income that may be provided from the apartment is the sum of the terms in the Touristic management contract signed between you and the operating company and is therefore not considered a guaranteed income.

It will depend on the form the unit bought. The percentage will be charged as IRS (Personal Income tax) or as IRC (Company Income Tax)

In certain cases, especially when the apartment is purchased for investment purposes and in what regards the costs associated to the management, it may be more efficient to buy the unit through a company. This option should be carefully analyzed between you and your legal advisors.

 Yes. Your apartment will be handed in fully furnished with furniture and equipment, required by the approved touristic classification (5 Stars).

The owner will bear the costs of the decor pack.

The PSPA will establish the price for the apartment and the price for the decor pack   When the PSPA is signed, the first installment for the apartment is due as is the first instalment for the decor pack.

The decor pack is composed by equipment and furniture required by law to attain and maintain the licensed classification (5 Stars).

Included in the decor pack are the following items:

Basic furniture for all the compartments of the Apartments inserted in a 5 Star Apart-Hotel

(beds, chairs, couch, dinner table, etc.);

• Kitchen appliances;
• Cutlery, dinnerware, and other kitchen utensils.
• Bedsheets and towels.
• Amenities

You are not obliged to keep the same furniture and decoration. In the case that Nama House | Carcavelos is your permanent home, you may of course adapt to your needs and preferences. Notwithstanding, taking into consideration the touristic nature of the apartment, there are minimum requirements that must be met in terms of minimum furniture and decor.

You may hand over your unit to be managed by the Operating company and sole through them, may an accommodation services contract may be signed.

 The operating / Management company will be selected by the developer of the project.

Nevertheless, in case the Managing company does not perform their obligations, the owner’s assembly can dismiss the current company and immediately appoint a new one.

Stone chooses Nama Collection as their esteemed partner for the Nama House | Carcavelos project. 

• Professional photo shot of the property;
• Online reservation management;
• Revenue Management;
• Digital & Marketing management;
• Check-in & check-out;
• Linnen and towel laundry;
• Customer care 24h;
• Collection and delivery of tourist tax;
• Comunication of the ID to the Frontier National Department
• Maintenance managment.

Depends. The acquisition should be subject to property tax, Stamp Duty and Municipal Tax.