Business For Sale

Business Overview:

Dominican Republic Hotel With Penthouse For Sale for $895,000! Established 4 years ago, this hotel is one of the best small scaled accommodations in the area. The hotel consists of 2 free standing buildings that cover 6,361 square feet. The real estate is valued at $855,000 & is included in the sale. Starting with 5 studio/apartments catering up to 4 people, construction was complete in 2007 to add more accommodation due to the increasing popularity of this hotel & they have been fully occupied many times since. The main building of the hotel, has a large second floor penthouse built 4 years ago & the extra apartments 2 years ago. All are good, solid constructions & the whole property is maintained well & is in perfect condition. Since all rooms have their own kitchen, the Owners decided not to include a bar or restaurant, but in case a buyer would like it, there is a small lounge area near the pool which could easily be turned into a bar & on the right side of the building or on the large covered terrace of the second floor, it would be possible to make a restaurant. At the right side of the building there is also space for building a few extra rooms & the land next door is vacant for possible expansion. The Penthouse is valued at approximately $210,000. The hotel has a large tropical garden for the guests & private garden for the owner/manager. The accommodations have private terraces with hammocks to relax, pool, pool house, lounge area & storage valued at approximately $ 645,000. Good will for brand awareness, promotion, website, contacts, also valued at $100,000. Good marketing increased the popularity of the hotel & it has become well known especially in the watersport scene. The hotel works with travel agents worldwide & are listed on travel websites but their own creative marketing entices far more guests, so much so that this year was one of the best--they did not notice the recession at all! The hotel sponsors several surf & kitesurf forums & has received positive reviews on several travel, kite & surf websites.The quality of the accommodations are known to everyone--divers, surfers, couples, groups & families. Guests love the relaxed home away from home atmosphere. It is a friendly place, people gather around the pool to chat, sunbath & even organize group barbecues on the beach. Initially visitors came from Europe, now they come from all over the world & the amount of visitors increase annually with lots of repeat visitors.

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:

Location: Perfect location near Cabarete in the Dominican Republic 300 meters from the main road & an unspoiled beach & the closest accommodation to a famous surf spot. Besides one other hotel further away, it is the only accommodation within walking distance of the surf beach. A popular surfing destination, the property is a tropical paradise, In the neighborhood there are some houses & lots of coconut trees, even horses & cows. The surroundings are tranquil & about 3 to 4 km from the downtown. Visitors find that scooters & mopeds are a great way to get around & see a lot more of the area. Great place to be! The hotel consists of 2 free standing buildings that cover 6,361 square feet. The real estate is valued at $855,000 & is included in the sale. Starting with 5 studio/apartments catering up to 4 people, construction was complete in 2007 to add more accommodation due to the increasing popularity of this hotel & they have been fully occupied many times since. The main building of the hotel, has a large second floor penthouse built 4 years ago & the extra apartments 2 years ago.

Market Competition and Expansion:

Good potential for expansion. On the same land, there is an option to build 6 more rooms. Next to the property is a vacant lot, for possible hotel expansion with Very little competition in the same surf area (only one other hotel which focuses on a totally different target group).

Reason for Selling:

Following other business interest

Additional Details: