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.
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:
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.
Reason for Selling:
Owner wishes to relocate to Mexico.
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.