Business for Sale Overview:
37 Room Luxury Motel & Villa.For Sale For $2,499,000! The motel with mountain views Is divided Into 2 distinct areas-the luxury & the regular units. The Villa Is apart, but still on the complex. The complex is divided into three blocks. All units in all 3 blocks have cable television, A/C & 24 hours security. Block #1 comprises of 15 Luxury Units in a 2 story building, Each unit along with the living area & bedrooms have a bathroom, garage, jacuzzi & its own garage. This section also has a manager apartment, office, kitchen, laundry facilities, security check-point cabins, electric generators & cistern. Block #2 comprises of one story building with 24 Units with bedroom, bath, Jacuzzi, garage & employees sleeping quarters. Block #3 hosts a 2 story luxury Villa with bedroom & bath, Private Bar & Disco, 2 extra bathrooms, parking lot, pool, outside Jacuzzi, outside bar & private terrace The total living area covers: 13,514 square feet. Total other areas cover 10,452 square feet & land is 35,000 m2 The estimated construction costs in the Dominican Republic is $135 per square foot & the estimated land cost in Cofresi area of the Dominican Republic is $12 per m2. This area is known for its beautiful Tropical weather.
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.
Property Features and Assets:
Located on the north coast of the Dominican Republic This city is very popular with tourists. It is close to the airport & all the attractions which include Ocean World. It is also surrounded by other tourist attracting hotels such as Casa Marina Beach and Reef and the RIU Resorts:Mambo, Merengue, Bachata. This motel is in the center of all the excitement!
Market Competition and Expansion:
Good potential for expansion. Competition / Market: No concerns for competition, this motel is in the center of a busy tourist trap.
Reason for Selling:
Other business interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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