Business for Sale Overview:
This project is located in the city of David, Panama’s third largest city. David is the entryway into the picturesque town of Boquete, long hailed as one of the top retirement destinations in the world, as well as Volcan, the next up and coming area in Chiriqui.
David currently has no flagship hotels, yet tourism and relocations to the area are increasing exponentially, as well as real estate values.
The Best Western will be located in the former Panama Rey Hotel, and just two blocks from the Gran National Hotel (currently David’s top hotel, with rates of approximately $80 per night). It is located on the main road to town from the airport, just two blocks from the town center. As the largest building in David, tourists and visitors will be easily drawn to the David Best Western. The entire building will be refurbished to four star style, finishes and amenities.
David currently has no flagship hotels, yet tourism and relocations to the area are increasing exponentially (as well as real estate values!). The David Best Western Hotel will build on solid market fundamentals to provide investors excellent returns.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.