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Ocean View Beach Front Hotel

Location  Costa Rica
Asking Price Range  $500K - $1.0M
Gross Revenues  $200000
Net Profit / Cash Flow  $140000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2009
Number of Employees  4 - 5
Relocatable  Yes
Number of Employees  4 - 5
Real Estate  Owned
Training  I am willing to stay on for a few months for learning
Reason for Sale  Aging parents

A quiet hotel on the beach overlooking the Pacific Ocean, mountains and islands of Nicoya. Within short walking distance to the ferries, cruise ships, bus station, casino, bars, restaurants and town for shopping. Asking $649,000 Monthly net income of over $10,000. The property is in 2 separate and joining lots. These are not being offered separately. The first lot, where the 8 room hotel sits, is 550.37 m2 2 story building, laundry facility, caretakers quarters, Maintenance room, storage room and poolside restroom. Fresh water well.Water pressure system with a 200 gallon reserve tank. All units have hot water, are fully furnished, including kitchenettes and A/C. Full private bath in each unit, some with jacuzzi. Swimming pool with service building for pumps. The second lot is the parking area and garden, 751.12m2. Covered parking area with paver stones. Fully fenced yard with coconut trees bordering the property and several other fruit trees. Can park up to 48 cars in addition to the tenants during local events. The back lot is often rented out for fiestas and children's parties. Room for expansion. This sale includes all furnishings in hotel. A permit to build up to 5 stories can be obtained. The local economy in Costa Rica and Puntarenas is strong, currently. Puntarenas has been improving the community recently. All the roads have been repaved, new skateboard parks, new basketball park. New break walls and service ramps on the beach. New parks on the southern end of the peninsula. New community center and very large community pool. And new ferry dock. This is all within 3 blocks of the hotel. The hotel has an average of 78% capacity over the entire year. I can transfer the power of the web page to the new owners. There is also a Bus stop, on the main road, entering Puntarenas, which is advertising Michael's Surfside Hotel, as long as you want, with no additional costs. Financing is available.

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