Hotel & Restaurant: ***PRICE REDUCED AGAIN*** Popular & Profitable Boutique Waterfront Hotel on The Estuary

Playa Grande, Cabo Velas, Santa Cruz, Guanacaste, Costa Rica

Basic Listing Information

Price
$1,100,000
Listing ID
CS1700037
Property Type
Hotel/Resort/Hostel
Listing Type
Commercial Sale
Status
Active
Images
45
Beds/Baths
10/10
Location Type
Riverfront
View Type
River View
Total Lot Size
2,118.50 m² (22,803.25 sq ft)
Total Interior Area
975.49 m² (10,500.00 sq ft)

Contact Information

Wally Beck
Wally Beck
Agency
Overseas Pacific Realty
Agent
Wally Beck
Phone
+506-2654-6070
Cell Phone
+506-8863-0477
Office Phone
+506-2654-6070
Email
wally@overseas.de
Website
http://www.overseaspacificrealty.com

MOTIVATED SELLER: This is one of the most popular, well established and profitable operations in Guanacaste. Situated right on the Rio Matapalo Estuary on the south end of Playa Grande, this property is just a short walk from the beach, or a water taxi ride from Tamarindo, one of Costa Rica's most visited areas. This operation utilizes several revenue streams to maximize profits, like a beautiful 10 room hotel; a popular large capacity restaurant; active tour operation; concierge service and property management company. All which earn commissions while serving their guest for 10 months a year when they enjoy a high occupancy. The operation shuts down for 2 months every year for scheduled annual maintenance ensuring that the property is well maintained and always in top running condition.

Details

Roof Type
Roof Tile
Number of Units
10
Number of Bedrooms
10
Number of Full Bathrooms
10
Number of Stories
1
Total Interior Area
975.49 m² (10,500.00 sq ft)
Total Area under Roof
1,142.71 m² (12,300.00 sq ft)
Total Lot Size
2,118.50 m² (22,803.25 sq ft)
Construction Status
Completed
Year Built
1984
Year Remodelled
2016
Air Condition Type
Multiple Wall Units
Furnished Type
Fully
Pool
Yes
Jacuzzi
No
Parking Type
Guest Space(s)
Number of Parking Spaces
4
Telephone
Yes
Internet Types
Cable Internet
Television Types
Standard Cable TV, Standard Satellite TV

Geography

Location
Playa Grande, Cabo Velas, Santa Cruz, Guanacaste, Costa Rica
Country
Costa Rica
State
Guanacaste
County
Santa Cruz
District
Cabo Velas
City/Town
Playa Grande
Location Type
Riverfront
Geographic Type
Dry Forest
View Type
River View
Elevation
5.00 m (16.40 ft)
Precipitation
Dry
Average Temperature
85 °C (185 °F)

Features

Interior Features Included
Bar, Breakfast Bar, Ceiling Fans, Fireplace, Fully Equiped Kitchen, Gourmet Kitchen, High Ceilings, Laundry Room, Marble/Granite Countertop, Natural Wood Finishing, Separate Dining Room, Storage Room, Vaulted Ceilings, Washer/Dryer Hookup, Water Heater, Wet Bar
Exterior Features Included
Garden, Handicap Accessible, Maintenance Building, Storage Shed, Veranda, Water Faucets
Amenities Included
Concierge, Internet, Laundry Service, Lawn Service, Maid Service, On-Site Maintenance, Telephone, Television, Water
Community Features
Security
Security Features
Gate Guard, Gated Community, Gated Entrance, Guard, Guarded Entrance, Reception Desk, Security Lighting, Security Patrol

Infrastructure

Street Access Type
Unpaved Road
Type of Water
City Water
Type of Sewer
Septic
Type of Internet
Cable Internet, DSL Internet
Type of Television
Cable Television, Satellite Television
Type of Electricity
Public
Telephone Available
Yes

Financial/Legal

Price per Air-Conditionable Living Area
$1,127.64/m2 ($104.76/sqft)
Price per Total Area Under Roof
$962.62/m2 ($89.43/sqft)
Price per Square Meter
$519.24/m2 ($48.24/sqft)
List Price
$1,100,000
Ownership Type
Fee Simple

More about this property

THE HOTEL has 10 well appointed rooms that can accommodate up to 24 guests and enjoys a high occupancy for 10 months a year (closed in Sept. & Oct.). THE RESTAURANT offers a "fusion of the Americas" menu that joins California fresh, Gulf coast Cajun and New England seafood with Latin American variety and Costa Rican specialties. This restaurant serves its guests breakfast every morning and many visitors from all around the area on a nightly basis. It's large capacity also makes it ideal for weddings, private parties and graduations for local schools. THE TOUR OPERATION takes advantage of pre-booking hotel guests for Costa Rica adventures before they even arrive, earning profits on every booking, as well as THE CONCIERGE SERVCE that arranges tours, transportation and car rentals for their guests. There is also a PROPERTY MANAGEMENT service that manages vacation home rentals in the area, also earning commissions on every booking. This hotel was originally opened in 1984 and purchased by the current owners in 2002 and have enjoyed handsome profits ever since.

Listing Images