Transforming a Historic Residence into a Boutique Hotel: Investment Opportunity in Palmariggi, Lecce

Investing in historic properties in Puglia offers a unique opportunity to blend cultural heritage with modern hospitality. A prime example is the Residenza d’epoca di fine ‘800 in Palmariggi, Lecce, currently listed at €650,000 on Temiño Premium Properties

Property Overview:

This late 19th-century residence spans approximately 960 square meters over two levels, featuring two cellars and a 1,750 square meter garden. The ground floor includes two apartments with traditional Lecce stone fireplaces, while the upper floor houses the noble residence with frescoed rooms, balconies, and terraces offering views of Palmariggi's historic center and surrounding countryside. The property is structurally sound but requires renovations, making it ideal for conversion into a boutique hotel.

Strategic Location:

Palmariggi is a charming village just kilometers from Otranto and Maglie, with Santa Maria di Leuca's beaches 40 km away and Lecce's baroque center a 30-minute drive. This prime location positions the property to attract tourists seeking authentic Puglian experiences.

Investment Potential:

Transforming this historic residence into a boutique hotel can cater to the growing demand for unique accommodations in Puglia. The property's architectural features and proximity to key tourist destinations enhance its appeal.

Financial Support through Mini PIA Turismo:

The Mini PIA Turismo initiative by the Regione Puglia offers financial support for projects like this, aiming to enhance the quality of tourism services and promote the recovery of historic buildings. Eligible projects can receive a mix of grants and contributions towards interest on bank loans.

Regione Puglia

Utilize Our Mini PIA Finance Calculator:

To assess potential financial support for this investment, use our Mini PIA Finance Calculator. This tool helps estimate the funding you may qualify for under the Mini PIA Turismo program, facilitating informed investment decisions.

Investing in this historic property not only preserves cultural heritage but also offers a lucrative opportunity in Puglia's thriving tourism sector.