Turnkey Boutique Hotel In Beautiful Costa Rica For Sale

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is no separate owner's residence currently on the property. An owner or manager wishing to live on-site could use one of the hotel's rooms with a private kitchen.
A dedicated owner's or manager's residence could potentially be incorporated into future expansion or redevelopment plans, depending on the buyer's needs and the applicable development and permitting requirements.

Location:

Hotel Diversión Tropical enjoys an exceptional location in Brasilito, Guanacaste, at the southern end of Costa Rica's celebrated Gold Coast, in the heart of the rapidly developing Brasilito–Conchal–Flamingo–Potrero coastal region.The hotel is approximately 300 meters from Playa Brasilito and within walking distance of spectacular Playa Conchal. The coastline in both directions is dotted with beautiful beaches and secluded coves, while Flamingo, Potrero and Las Catalinas extend north and Playa Grande and Tamarindo lie to the south.Directly across the road is Reserva Conchal, one of Guanacaste's premier luxury resort and residential communities, home to The Westin Reserva Conchal and W Costa Rica – Reserva Conchal. The hotel sits at Reserva Conchal's northern service entrance and approximately 300 meters from its main entrance, placing it immediately beside a major center of tourism, residential development, employment and commercial activity.Marina Flamingo is only a short drive away, while Tamarindo provides access to one of Costa Rica's best-known tourism and commercial centers. The area benefits from restaurants, shopping, professional services, tourism activities, luxury resorts, residential communities and rapidly expanding commercial development.Access is excellent. Guanacaste International Airport in Liberia is approximately 45 minutes away, and Tamarindo Airport provides additional domestic and regional air access.The property itself sits prominently on the main road through Brasilito, with approximately 41.7 meters of public-road frontage and two vehicle entrances, providing outstanding visibility and accessibility. It is a location that combines walk-to-the-beach convenience, major road exposure, proximity to luxury development, access to established tourism centers and participation in one of Guanacaste's most dynamic coastal growth areas—while retaining the character of a traditional Costa Rican beach community.

Premises Details:

Hotel Diversión Tropical is an established, operating 10-room hotel and restaurant situated on approximately 1,124 m² of land, with approximately 41.7 meters of frontage on the main public road through Brasilito and two vehicle entrances. The property's highly visible location, substantial frontage and easy access make it well suited to its current hospitality use as well as potential future commercial or mixed-use development. Plano de Hotel Diversion Tropic…
The hotel has 10 guest rooms, each with a private bathroom, including six rooms with private kitchens. Guest amenities include a swimming pool, shared public kitchen and BBQ area, breakfast and dining areas, gardens, picnic and relaxation spaces, on-site parking, air conditioning, hot water, Smart TVs with cable, in-room refrigerators and coffee facilities, and an upgraded high-speed mesh Wi-Fi system.
A new restaurant operates on the premises, providing an additional business and revenue opportunity beyond lodging. The property's common areas also make it attractive for families, groups, tour operators and work crews, while parking can accommodate buses and busetas.
The property has been continually maintained, repaired and upgraded during the current ownership. Its long tropical mural along the roadside has also become a recognizable landmark in Brasilito.
Importantly, the existing hotel does not represent the property's only potential use. Professional architectural plans have been prepared for a proposed four-story expansion with a rooftop bar, and the permitting process is underway. The property's frontage and configuration also provide the opportunity to investigate additional restaurant, retail, office, service or other commercial spaces, subject to applicable permits and approvals.
The result is a property that can continue operating immediately as an established hotel and restaurant while offering a new owner several possible avenues for expansion, redevelopment or additional commercial income.

Size in square feet:

Lot Size: 1,124 square meters / 12,099 square feet / approximately 0.28 acres And the frontage as: Road Frontage: approximately 41.7 meters / 137 feet, with two vehicle entrances.

Planning Consent:

There are permits pending for a rooftop bar and 3 or 4 story building with 12 to 16 additional rooms.

Business Operation

Expansion Potential:

Expansion Potential
There is plenty of room for a variety of ideas for the future of this property. The existing 10-room hotel and restaurant do not necessarily represent its full potential.
Professional architectural plans have already been prepared and submitted for permitting. The current pending plans include additional hotel development along with a rooftop bar and restaurant, and we are excited and hopeful about the possibilities they represent.
Those plans, however, are only one vision for the property. There is additional space, particularly toward the south and southwest portions of the lot, that may offer opportunities for other ideas.
Ultimately, what can be developed will depend upon the proposed use and the applicable calculations and requirements for setbacks, coverage, density, height, frontage, minimum lot area and other development regulations. The property's current Uso de Suelo states that it is not affected by a Plan Regulador, so any future concept should be evaluated with an architect and the appropriate authorities.
For a buyer, that leaves room for creativity. The future might include additional accommodations, restaurant or entertainment space, commercial spaces, mixed-use development, or an entirely different concept that takes advantage of the property's approximately 1,124 m², 41.7 meters of public-road frontage and two entrances. Plano de Hotel Diversion Tropic…
There is already one professionally designed expansion moving through the permitting process—but there is still room to imagine what else this property could become.

Competition / Market:

Competition
The local lodging market is relatively segmented by price, quality and amenities, with a limited number of properties occupying each level. At the upper end are the luxury resorts and high-end vacation properties of Reserva Conchal, Flamingo and the surrounding area. At the other end are basic lodging options, hostels and smaller vacation rentals.
Hotel Diversión Tropical occupies an attractive middle position: comfortable, affordable accommodations with significantly more amenities than basic lodging, without the pricing of a luxury resort. Guests receive a pool, breakfast, restaurant, parking, upgraded Wi-Fi, shared kitchen and BBQ, in-room refrigerators, and six rooms with private kitchens, all within walking distance of Playa Brasilito and Playa Conchal.
This creates relatively little direct apples-to-apples competition. Guests tend to select among different levels of accommodations according to their budget and needs rather than choosing among a large number of nearly identical hotels.
The hotel is further differentiated by its ability to serve families, groups, tour operators, corporate and government travelers, work crews, destination-wedding guests and Reserva Conchal-related business, giving it multiple customer segments beyond conventional leisure tourism.
I think that's much closer to the reality you're describing: there are other places to stay, but surprisingly few that offer your particular combination of price, amenities, location and customer flexibility.

Reasons for selling:

Retirement

Trading hours:

24/7, 7 days a week

Employees:

5 to 8

Years established:

2006

Other Information

Support & training:

A new owner will not have to figure everything out alone. The current owner is willing to provide hands-on transition support for the first month, helping the buyer become familiar with the hotel's daily operations, staff, systems, suppliers, customer base, marketing practices and the local business environment.
After the initial transition, the current owner will remain available for questions and guidance for up to six months, providing continuity while the new owner becomes comfortable operating the business independently.
For a buyer who prefers a more gradual transition—or an investor who does not intend to operate the hotel personally—the current owner is also willing to discuss full-time or part-time management for an agreed transition period.
The goal is flexibility. A hands-on buyer can learn the operation and take over quickly, while a more passive owner can arrange additional management assistance and transition at a pace that works for them.
The business does not simply change hands at closing; knowledge, experience and continuity can transfer with it.

Financing available:

Owner financing is available. It would be 50% down with 50% financed at 10% with interest only payments and a balloon payment in 10 years. I do have investors that are willing to finance this hotel.

Furniture / Fixtures value:

$-1 - included in the asking price

Home based:

This business can be run from home