Popular Downtown Hotel One Block from Beach For Sale

Business description

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 accomodation, 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 100ft. lot located behind the hotel. Owner financing available with half downpayment, half in 5 year balloon at 3% with adequate security. Call now for more information.

Property information

Real Estate:

Real Property Included

Location:

This beautifully structured hotel covering approx. 27,000sq.ft 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!

Other information

Expansion potential:

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 100ft. lot located behind the hotel.

Competition / Market:

Some competition

Support & training:

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.

Reasons for selling:

Owner wishes to relocate to Mexico.

Trading hours:

They never close!

Financing available:

Owner financing available with half downpayment, half in 5 year balloon at 3% with adequate security.

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)