Profitable Playa Chiquita 22 Room Beachfront Hotel and Investment Opportunity
Profitable Playa Chiquita 22 Room Beachfront Hotel and Investment Opportunity For Sale
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Overview & Description
MLS ID: 84828
Price: US $5,950,000
Half Bathrooms: 4
Year Built: 2005
Acre-Lot size: 66
Meters Squared Hectares: 270000
Floor Size: 1500 (m2)
Construction Area: 16145 (sq.ft.)
Location: Caribbean Beach
City: Playa Chiquita
Property Type: Commercial properties
Specific Property Type: Beachfront home
Profitable Playa Chiquita 22 Room Beachfront Hotel and Investment Opportunity. Three Costa Rican SA’s own 100% of a beach hotel plus a total of 27 hectares adjoining prime property, mostly titled, along the coastal highway of the Southern Caribbean of Costa Rica.
The Hotel has 22 large modern view rooms and 4 two-story suites, most with a/c and cable TV, all in very good shape, built to US standards in compliance with CR code and earthquaketested. We are on track toward another record year, with about 20% increase in the year to year earnings to date.
This Profitable Playa Chiquita 22 Room Beachfront Hotel has been a leading hotel in the area and fills up quickly on weekends. One of the very few local hotels directly on the beach, all guest’s facilities overlook the warm natural coral pools of Playa Chiquita. Awards include CR’s official “Hojas” (leaves) for ecotourism, Trip Advisor and Three Stars from ICT.
* A Popular gourmet restaurant leased to an experienced chef. * Swimming pool with jacuzzi, waterfall, and large restaurantstyle rancho. * Games center and separate 40 person meeting room with A/C. * Manager’s suite with a/c plus private offices. * All permits: licenses, liquor patente, current with taxes, books in SJ office. * Storage bodega, laundry room, parking for 40+ cars and buses * $600k gross rental revenue projected for FYE Sept 30/19.
Land and business case
It was originally settled and cleared by Jamaican cacao farmers over a hundred years ago. The property has been owned by the sellers for over 40 years. Mostly flat, welldrained and close to all services, the land across the road from the Hotel is partly developed. Low to moderate density residential, commercial and tourist facilities make up a thriving beachfront pueblo called Playa Chiquita.
Regrowth has turned into a gentle jungle with wildlife literally at your doorstep. Most of the land is potrero (pasture) completely fenced with concrete posts.
The property has an unusual wealth of clean fresh water from several sources, including coral aquifers located directly under our watershed.
Located right in the middle of the famous Puerto Viejo Manzanillo beach zone, the property is outside all protected areas.
It has a strong business case for expansion into titled land to build a financial asset with 50+ rooms.
Contact me now to view this Playa Chiquita Profitable 22 Room Hotel and Investment Opportunity.