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Size: Lot size : 1,923 m2 ( 20,699 square feet)
Construction size: 2,410 m2 25,941 square feet
34 rooms w/ bathrooms and ample parking
Price: US$2.6 million (cash) or US$2.8 million with owner finance of up to 50%
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Looking to run an already successful business in paradise? This Central Valley “turnkey” hotel is located in one of Costa Rica’s most exclusive neighbourhoods half way between the international airport and San Jose. Surrounded by three five star competitors the hotel is even better priced to ride out any economic slow-down. An excellent all year round occupancy rate this is an excellent, low-risk opportunity for anybody looking to retire to the tropics whilst maintaining a high regular income.
The hotel currently features thirty-four smoke-free hotel rooms are quite spacious and fully loaded, each with two large beds, clean, cool ceramic-tiled floors, private baths (some with bidets), all with large color TV's, wireless internet throughout the hotel, all rooms have A/C, direct dial phones, coffee makers, a small writing table and chairs, an attractive armoir closet and dresser, and an in-room safe. Included are three suites which have in-bath Jacuzzis, microwaves and a small fridge. Additionally there is a sixty person bar and restaurant, and a big two story solarium room with a large Mayan waterfall Jacuzzi, a computer station with four computers with flat screens for people without a laptop, and a new fully-equipped ten piece gym.
The hotel’s location is multi-purpose, ideal for first and last night stays in Costa Rica for tourists and condo owners, as well as people who want the San Jose experience for part of their vacation, but prefer not to stay right downtown.
In addition to the hotel there is also another propery included in this sale, an attached house, the perfect place for installing a pool and several more guests’ rooms, maybe five or six, or ten to twelve if you go two floors, or a small casino is another possibility. The hotel property is a fat capital 'L' shape, but with the house, it makes the whole property rectangular, so it fits like a glove along two inside walls. Commercial square footage is worth a lot more than residential, plus room rates across the entire hotel can go up moderately with a pool. A pool also increases multi-day stays by making the hotel more of a destination for people (with families, retirees) touring the nearby rainforests, volcanos, etc. Also, with a pool, we become a four star hotel.
This hotel is an excellent opportunity for someone wanting to make money immediately, as it is fully-operational turn-key hotel and basically runs itself, and often quite busy. Unlike fire-sale beach and mountain properties that you'll probably come across, there is a reason; they are very seasonal where this hotel tends to be busy year round, especially with business travelers.
  
Why Costa Rica?
Costa Rica has been growing until recently at a fantastic rate along both coasts and the Arenal/Monteverde areas with new hotels and condos all over the country. In spite of the global economic slowdown, we are also poised to continue benefiting from airport arrivals, as people need to keep visiting these new and old projects even if only for maintenance. Tourism will always be strong in Costa Rica, quality visitors coming to a quality country.
The best tours in Costa Rica are centered around the Central Valley, like the world-famous Rios Pacuare and Reventazon for whitewater rafting, Irazu, and further Arenal Volcanos, San Lorenzo - the largest canopy tour in the world, plus some great coffee and butterfly farm tours. The hotel makes at least a 20% commission on each tour and car rental, plus guests tend to take an extra night's lodging for each tour taken.
The current owner leases the restaurant / bar for free but he willingly leave in the event the hotel sells, or you could keep him on if you prefer. The 73% year-round occupancy rate and a ROI of 12% is without operating the restaurant / bar. The hotel is a well-located, busy hotel and you will be impressed with its ability to produce.
  
  
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