Built in 2007 and having been well-managed since 2010 by the current owners, the business has been growing year after year under the current management.
The award winning hotel is completely fully operational and “turn key”, and is highly rated on major review websites and recommended by the major Costa Rica guide books etc. It is also booked by major hotel booking companies such as Travelocity, Hotels.com and Bookings.com. The hotel also has a good “social media” presence with its own Facebook page with thousands of “likes” and a Twitter feed.
The hotel is comprised of 8 Junior Suites and owner’s 3 bedroom villa that is rented out as a vacation villa. Two other vacation villas are located on the property which are investor owned but managed and rented by the hotel providing additional income. At the rear of the property there are three investor owned lots with outline plans for 3 further vacation villas which would be managed and rented by the hotel when built. There are 2 other condos next to the hotel that are included in this package that over the past few years have garnered an additional income to the hotel, however with their acquisition included with this package, 100% of their income will be added to the new partnership increasing returns beyond the estimated cap rate.
The property is operating as a “condo-tel”, and is fully staffed with security, receptionist, cooks, maids, maintenance and garden staff and is in a first class position located just under a kilometer from one of the best surf beaches in Costa Rica, and two major National Parks are within a one hour drive. Hotel Income streams currently include hotel room sales, food and beverage, management and rental of the vacation villas and condos both on and off the property, plus concierge service for tours and excursions and transportation service to local areas and San Jose airport with the hotels own minivan.
Retirement due to ill health forces sale of this busy and profitable operating hotel situated on a public road frontage with gated entry and private parking.
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