Huge Price Reduction 27 unit Hotel in Belize

Corozal, Belize


Asking Price: Annual Revenue:
Not Disclosed Not Disclosed

Services: Hotel, Motel, Lodging


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RE: Huge Price Reduction 27 unit Hotel in Belize Broker: Seller of Business

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Florida
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 6237375
Broker Reference #: Not Disclosed

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Business Overview:

Search more Misc. Holiday Businesses for sale in Belize Listing ID: 2091752 Seller ref: mb1752
Hotel In Corozal For Sale

Corozal, Belize
Asking Price: $1,300,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue: Available on request
Cash Flow: $150,000
2 Photos
Great Deal 23 Unit Hotel In Corozal, Belize For Sale For $1,300,000! Trip Advisor states: "The hotel is beautiful, so clean, staff very friendly and helpful". Established in 1957 with the current Owner in charge since 2003. The hotel was completely rebuilt, including foundation 2004 and 2005. The foundation is rated for 5 floors. They have room for expansion on the existing foundation for 25 more rooms. The hotel has 23 rooms, each of which has A/C, cable TV, WiFi, refrigerator, microwave, fan and hot water. The square footage of the hotel is 32,000 sq. feet and sits on 3 lots, two of which are 50 feet by 100 feet and one of which is 50 feet by 150 feet. There is a restaurant area that seats 65 people and a laundry and storage building. They also have city water and a diesel electrical generator. Owner has talked to the gaming commission about putting in a game room or a complete casino. Each have particular requirements, but Owner has been assured that if the conditions are met it would be approved. If you are interested, then Owner would be willing to share the information. Owner offers financing options, 50% down and 50% in 5 years with NO interest! Good deal for cash! Prime location on the main road in Corozal, Belize. just one block away from Corozal Bay and 6 miles from the Corozal Free Trade Zone, where 3 existing casinos are operating.

Property information

Real Estate:
Real Property Included

Location:
Great location 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.

Premises Details:
The square footage of the hotel is 32,000 square feet and sits on 3 lots, two of which are 50 feet by 100 feet and one of which is 50 feet by 150 feet. There is a restaurant area that seats 65 people and a laundry and storage building.

Business Operation

Expansion Potential:
Great potential for expansion They have room for expansion on the existing foundation for 25 more rooms. Great place to set up a casino--and you could also add a swimming pool.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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