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Beach Front Hotel In Costa Rica For Sale

Puntarenas, Puntarenas
Asking Price:
$495,000 Furniture / Fixtures included
Sales Revenue:
$220,000
Cash Flow:
$140,000

A quiet hotel on the beach overlooking the Pacific Ocean, mountains and islands of Nicoya. Within short walking distance to the ferries, cruise ships, bus station, casino, bars, restaurants and town for shopping.
Asking $495,000.
Annual net income of over $140,000.

The property is in 2 separate and joining lots. These are not being offered separately.
The first lot, where the 8 room hotel sits, is 440.37 m2
2 story building, laundry facility, caretakers quarters, Maintenance room, storage room and poolside restroom.
Fresh water well.Water pressure system with a 200 gallon reserve tank.
All units have hot water, are fully furnished, including kitchenettes and A/C. Full private bath in each unit, some with jacuzzi.
Swimming pool with service building for pumps.
The second lot is the parking area and garden, 751.12m2. Covered parking area with paver stones.
Fully fenced yard with coconut trees bordering the property and several other fruit trees.
Can park up to 48 cars in addition to the tenants during local events.
The back lot is often rented out for fiestas and children's parties.
Room for expansion.

This sale includes all furnishings in hotel.
A permit to build up to 5 stories can be obtained.

The local economy in Costa Rica and Puntarenas is strong, currently. Puntarenas has been improving the community recently. All the roads have been repaved, new skateboard parks, new basketball park. New break walls and service ramps on the beach. New parks on the southern end of the peninsula. New community center and very large community pool. And there are plans to improve the ferry dock. This is all within 3 blocks of the hotel.
The hotel has an average of 78% capacity over the entire year.
I can transfer the power of the web page to the new owners.
There is also a Bus stop, on the main road, entering Puntarenas, which is advertising Michael's Surfside Hotel, as long as you want, with no additional costs.
Financing is available.


Reviews on TripAdvisor.com
Questions or concerns or for more photos please contact Michael by completing the contact seller form below

Property information

Real Estate:

Real Property Included

Living Accommodation:

The owner presently uses one of the rooms for his accomodation.

Location:

Located on the beach road in front of the beach, 50 feet away. 3 blocks from the ferry,. 1/2 mile to the cruise ships and bus station. The main highway from San Jose is a direct route. Within walking distance to restaurants, casino, bars, shopping and town. A quiet area, perfectly located.

Premises Details:

8 rooms all furnished with A/C, Cable TV, WiFi access, kitchenettes, swimming pool and parking. City water, and a private well as well as a 400 gallon reserve tank. The lot in the back has great potential for expansion.

Size in square feet:
3,900

Business Operation

Expansion Potential:

The lot in the back is much larger than the property that the hotel presently sits on. Permits to build as high as 5 stories can be easily obtained.

Competition / Market:

There are a few other hotels in the area and on the beach also. But my hotel offers the kitchenettes, better prices and a family atmosphere.

Reasons for selling:

Family health issues.

Trading hours:

open 24/7

Employees:
4
Years established:
8

Other Information

Support & training:

Owner is willing to stay on for several months until the buyer feels comfortable.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Make me an offer. Financing is available and terms are flexible.

Furniture / Fixtures value:
$60,000 - included in the asking price
Website:
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