Business for Sale Overview:
34 Room Hotel & Home For Sale For $2,800,000 with a high 73% year-round occupancy rate & a Rate of Interest of 12%! This hotel is an excellent opportunity for someone wanting to make money immediately, as it is a fully-operational turn-key hotel & basically runs itself. All existing thirty-four smoke-free hotel rooms are quite spacious & fully loaded, each with two large beds, clean, cool ceramic-tiled floors, private baths (some with bidets), all with large color TV's, wireless Internet throughout the hotel, A/C, direct dial phones, coffee makers, a small writing table & chairs, an attractive armor closet & dresser, & an in-room safe. Included are three suites which have in-bath Jacuzzi, microwaves & a small fridge. There is also a sixty person bar & restaurant, & a big two story solarium room with a large Mayan waterfall Jacuzzi, a computer station with four computers with flat screens for people without a laptop, & a new fully-equipped ten piece gym. In addition to this beautiful hotel, there is another property that is an attached house. This is the perfect place for installing a pool & several more guests rooms, maybe five or six, or ten to twelve if you go two floors, or a small casino is another possibility. The hotel property is a fat capital 'L' shape, but with the house, it makes the whole property rectangular, so it fits like a glove along two inside walls. Commercial square footage is worth a lot more than residential, plus room rates across the entire hotel can go up moderately with a pool. A pool also increases multi-day stays by making this hotel more of a destination for people (with families, retirees) touring the nearby rain forests, volcanoes, etc. Also, with a pool, this will become a four star hotel. The total lot size is 1,923 square meters in a prime location, and the construction is 2410 square meters. Owner offers up to 50% financing in a first mortgage, or give a good incentive for cash purchase. Well-located, busy hotel & Owners states that you will be impressed with its ability to service all your debt. If you wish to own a good, safe, modern, successful, well-located Costa Rica hotel, with flexible Canadian vendors who are prepared to work with you- this is the hotel for you.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
An attached house is also included in this sale. Prime location on the outskirts of San Jose , Costa Rica. This area has been growing fast & will be the first Costa Rica location to rebound from any recession. The hotel is mid-way between the international airport & the city in one of the most exclusive neighborhoods in Costa Rica. There is some competition from 3 other 5 star hotels in the region, but this hotel is better priced to ride out any economic slow-down & has been told its rooms are better than its competition! The location is ideal for first & last night stays in Costa Rica for tourists & condo owners, as well as people who want the San Jose experience for part of their vacation, but prefer not to stay in busy downtown. The best tours are centered around the Central Valley. World-famous Rios Pacuare & Reventazon for whitewater rafting, Irazu, & further Arenal Volcanoes, San Lorenzo - the largest canopy tour in the world, plus some great coffee & butterfly farm tours. The hotel is half way between the two oceans & makes at least a 20% commission on each tour & car rental, plus guests tend to take an extra night's lodging for each tour taken. In the off-season the hotel benefits from the influx of tourists seeking the cool rain forests & volcanoes found in the interior where this hotel is situated.
Market Competition and Expansion:
There is some competition from 3 other 5 star hotels in the region, but this hotel is better priced to ride out any economic slow-down & has been told its rooms are better than its competition! Excellent possibilities for further expansion on the premises. There is room for installing a pool & several more guests rooms, maybe five or six, or ten to twelve if you go two floors, or a small casino is another possibility.
Reason for Selling:
Owner wants to semi-retire
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.