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City Hotel For Sale In Santo Domingo

Santo Domingo, Dominican Rep.
Asking Price:
$2,400,000
Sales Revenue:
$241,920
Cash Flow:
$241,920

Boutique Hotel with roof top penthouse and swimming pool for sale in Zona Universitaria Gazcue

This Fantastic fully renovated investment income property for sale situated in the center of the city of Santo Domingo in the Dominican Republic. This fully functioning Apart-Hotel business has 28 Apartments (see breakdown of units below). This business has been open since 1996 and continually to build a good but regular clientele thus keeping a 90% annual occupancy rate for the hotel. The hotel also has an office, reception and small coffee shop, bar and 2 commercial space. Owner recently added a roof top Lounge bar area and swimming pool. The hotel is near a Cinema, International Restaurants and Bars, American style supermarkets, and the new famous METRO train station
on Avenida Maximo Gomez.

The 28 Apartments are divided and consist of the following units:

1 Master penthouse: 2 floors of penthouse with pool and panoramic view, 3 bedrooms with own bathrooms, 2 living area, 2 kitchen, guest bathroom, laundry room, terrace and BBQ area.
2 Pent Houses: 2 bedrooms, kitchen, living room, dinner room and bathroom.
3 Super Suites: 2 bedrooms, living and dinner room, kitchen, and bathroom.
13 Suites: 1 bedroom, living and dinner room, kitchen, and bathroom.
9 Studios: 1 bed, kitchenet, and bathroom.

Some rooms where just converted into 4 beds and full bathrooms and a privete bedrooms with a bathrooms so it can accomodate 6 persons where the a couple can stay in a privete room inside the same room, so it incrase the capacity per room in these floor.


FEATURES OF ROOMS

Micro-wave
refridgetor
Stove & sink
Plasma Television
Air conditioners
Table with chairs
Full & queen size beds
Small Sofa and chair (not for studios)
Quality and clean bedroom linen and bathroom towels


Local Infrastructure & Utilities:

24 hour Security
Water & Electricity
Backup Generator
Cable TV, Internet
On site laundry


* Selling price: $3,500,000.00 USD. Contact your Real Estate Consultant for more information on purchasing this property today!

PRICE REDUCED Now: $2,400,000 USD

Return of investment in 8 Years

Property Information

Real Estate:

Real Property Included

Location:

Santo Domingo Zona Universitaria

Size in square feet:
4,381
Planning Consent:

Contruction 21905 sq ft

Business Operation

Reasons for selling:

Owner wants to get back Germany

Employees:
8
Years established:
1995

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Distressed:
This business is a turnaround opportunity.

Contact Rabbit International Real Estate

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