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:
- Sold
- 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)
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
- Total Annual Property Taxes:
- $3,000
- Association Fees:
- No
- 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.