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Prime beachfront location between Flamingo and Tamarindo beaches, it is the closest hotel to the famous Conchal Beach (a short walk). 18 rooms, restaurant and bar with 24 hour a day ICT liquor license. Fully equipped going concern with constant repeat clients and good name. The restaurant is currently leased out as the owner of the hotel has been running it under management for 2 years. You can keep it under management or take over live your dream and be by the beach. There is a good upside potential on the room rental prices and the restaurant can be extremely profitable in it's own right and the cash flow and income would increase substantially.
The property includes it's own offsite well guaranteeing a good supply of water as well as reducing the operating costs substantially. It also has a $20,000 water treatment plant onsite. There is room to add a swimming pool or demolish and construct different buildings. Because the land is ocean front this property has a concession. The new owner will start with a newly renewed concession for 20 years. The concession for the well has also been recently renewed. In addition all the licenses, permits and corporation will be included in part of the sale. There is an optional extra 1.5 acre property available off site for expansion for an additional cost. The business has an ICT license which allows the sale of alcohol 24 hours a day.
The current owner was forced to move back to the US because of family issues. She is not going to be in a position to move back to Costa Rica and is looking for a quick sale. For the price of a house with ocean views you have have a property at the beach which makes a secure income. You can either keep the current manager on and visit your property as a tax deductible vacation or start running your dream restaurant and hotel on the beach.
Further information available upon request, please contact seller below for more details.
Real Property Included
There is a studio apartment onsite which can be either rented out or used as owner accomodation
Center of a bustling village directly in front of the ocean
The buildings are made from hardwoods and concrete block
The hotel has a newly approved 20 year concession
The hotel has been a budget hotel for it's entire existance. The item that is most needed is a swimming pool. The new owner may also want to remodel or reconstruct the front building to have more rooms, or build a big wall, reduce the number of rooms and set up an exclusive boutique hotel.
There are no other ocean front hotels on our beach. We are the only one. All the other hotels in town are set up back on a road. We are the only reasonably priced ocean front hotel in 20+ miles
The owner left the country two years ago for family reasons. She will not be returning. She needs her investment capital out to start a new business in the US.
The manager will stay on as long as requested. The owner is available for a one week intensive training.
There is NO owner financing available
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