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Hotel On Central Pacific Coast Of Costa Rica For Sale

Playa Hermosa, Jacó, Puntarenas
Asking Price:
$995,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K
Cash Flow:
Available on request

An opportunity exists to purchase a profitable hotel business on the beautiful Central Pacific Coast of Costa Rica. Retirement due to ill health forces sale of this busy and profitable operating hotel. Built in 2007, opened in 2008 and came into the current ownership in 2010, the business has been growing year on year under the current owners management. The hotel is an excellent opportunity for those looking to build on an already successful business to generate income, build equity and still be able to enjoy the Costa Rica laid back “Pura Vida” lifestyle.
This award winning hotel and member of a Classic International Hotels group is completely operational and “turnkey”. The hotel is highly rated on major review and tour operator websites, receiving the TripAdvisor Certificate of Excellence for the last three years and rated Number 1 in Playa Hermosa. It is also booked by major travel companies such as Expedia, Hotels.com and Bookings.com etc. as well as many repeat customers from the central valley and around the world.
The hotel has grown in popularity over the years with Costa Ricans as well as visitors from overseas and now boast an average year round occupancy of approx. 60%+.
The hotel also has its own “bilingual” website with an on-line booking engine and channel manager for direct and OTA bookings. This allows for completely hands off management of web content and dynamic pricing. The hotel also has a good “social media” presence with its own Facebook page with many thousands of “likes” and a Twitter feed.
The hotel comprises of 8 Junior Suites/Studios all with kitchenettes, furnished with mini-fridge, coffee maker, microwave plates and utensils. Further each Jr Suite/Studio features en-suite showers, hot water, a queen bed and full size trundle bed, air-conditioning, cable TV all overlooking a beautiful pool and Jacuzzi surrounded by manicured garden with fruit trees and tropical plants. There is a poolside Rancho with bar and a professional kitchen providing breakfast, lunch and other meal options. There is a pool pump/equipment /storage room and a further two storage “bodegas” on the property as well as reception, admin’ office and laundry room. Additionally, there is a fully furnished, owners/administration house overlooking the pool. The villa has 3 bedrooms and 2 bathrooms with a full kitchen and roof top terrazzo with BBQ. The villa is currently rented out as a vacation rental for additional cash flow, as the current owners live off site. Two other vacation villas are located at the rear of the property which are investor owned but managed and rented by the hotel providing an additional income stream.
The property is fully staffed with receptionist, cooks, maids, maintenance and garden staff as well as night security. Hotel income streams currently include: hotel room sales, food and beverage sales, concierge service for tours and excursions and transportation service to local areas and San Jose airport with the 12 seat minivan owned by the hotel. Additional income comes from property management and rental of vacation villas and condos both on and off the property.
Gross income for 2016 showed an increase year on year with a good net profit margin of 30%. First quarter 2017 accounts are currently in finalization, however, it is expected that these will again show a steady growth in income. Management Accounts can be made available to qualified buyers. There is plenty of scope to increase revenue by expanding the rental of offsite vacation rentals, and increasing promotion and sales of the concierge, transportation business and restaurant.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

There is a fully furnished, owners/administration house overlooking the pool. The villa has 3 bedrooms and 2 bathrooms with a full kitchen and roof top terrazzo with BBQ.

Location:

Las Brisas Resort and Villas is situated in the Central Pacific’s peaceful beach community of Playa Hermosa known locally as Pochotal, The hotel is situated on a public road with good frontage, gated entry and private parking and located just over a half-mile (1Km) from the Playa Hermosa beach, which offers 6 miles (10 km) of black sand beach loved by beach goers and surfers alike. Ideally situated, in a tranquil and undisturbed location, just 3 miles (4 km) south of Jaco with its international restaurants, casinos, shopping and lively nightlife and a 1½-hour drive from the San Jose International airport. The Carara Biological Preserve and Manuel Antonio National Park are within short driving distance from the resort and its’s just 20 minutes to Los Sueños Marina & Golf course and World Class fishing charters. Playa Hermosa is also home to a Wildlife Refuge and protected area for Olive Pacific Ridley Turtles and is ideally located to explore the spectacular rain forests filled with wildlife and natural beauty. Convenient local fun and adventures include ATV tours, zip lining, bicycle rentals, horseback riding, crocodile safaris, snorkelling, scuba diving, sport fishing, boat and kayak excursions, white-water rafting, and canopy tours, all offered by the hotels concierge service.

Premises Details:

All land and property is fully titled and entered in the National Registry and is fully current with zoning, licences and permits required by the local Municipality as well as the National Registry.

Size in square feet:
Land size The total size of the land is 2625.02 Sq./mts approx. Construction is approx. 450 Sq./Mts
Planning Consent:

Zoned for hotel and vacation rental/commercial

Business Operation

Expansion Potential:

There are opportunities to build further rooms/vacation villas if desired.

Competition / Market:

We are rated Number 1 in Playa Hermosa.

Reasons for selling:

Owners age and ill health forces sale

Trading hours:

There is some variability due to season, generally staff is available 7 am – 9 pm, 7 days a week. The security company provides overnight support, catering to guests needs and handling late check-ins.

Employees:
6
Years established:
9 yers

Other Information

Support & training:

We would be happy to provide a period of support and training for new owners.

Furniture / Fixtures value:
$80,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Website:
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