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Asking Price:	$3 million USD USA Dollars
Business for Sale Industry:	Services: Hotel, Motel, Lodging
Reason for Selling:	Owner wishes to relocate to Mexico.
Year Established:	1960
# of Employees:	8

Business for Sale Overview:

Full Service Popular 24 Room Downtown Hotel, One Block from the Beach is now for sale for $3,000,000! Belize is English speaking & a very popular tourist destination. The hotel is attractively tiled throughout. New guest rooms are immaculate, each equipped with air conditioning, brand new beds, linens & furniture, color televisions & full private baths. They also have mini-fridges, color TV & free Internet access. All the hallways & common areas are cool, breezy & secure & their off street parking lot is very safe. As well as providing short term accommodation, the hotel provides long term rates for guests who wish to rent by the month & enjoy all of the amenities of hotel living! The hotel has long been very popular with tourists to the area & is know for its affordable rates, clean comfortable rooms & friendly atmosphere. It has a bar & gift shop. Additional floors may be added to the building as the foundation is rated for 5 levels. Included in the sale is another 50 X 100 feet lot located behind the hotel. Owner financing available with half down payment, half in 5 year balloon at 3% with adequate security.

Property Features and Assets:

This beautifully structured hotel covering approximately 27,000 square feet is located on the northeastern mainland of Belize in the center of Corozal Town, within easy walking distance of restaurants, shops & Internet cafes. It is only one block away from the beach. Many visitors to the area love to stroll the scenic waterfront where they can visit the municipal pier & even hop a water taxi for a day trip to the Cayes. This is truly a wonderful place to be!

Market Competition and Expansion:

If requested, Owner will stay for up to one year & will run the hotel & train staff as needed. Owners are in no immediate hurry to vacate & will stay & help the new Owner in anyway possible. Current Owners wish to eventually relocate to Cancun & will only be 5 hours away. Excellent possibilities for further expansion as it is possible to add additional floors to the building as the foundation is rated for 5 levels. Also, included in the sale is another 50 X 100 feet lot located behind the hotel.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for 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.