Historic Boutique Hotel for sale downtown San Jose
ID CODE: #1889
Construction area: 600 m2 (6,500 sq. ft.)
Presently 5 hotel suites and private owner's residence, needs to be converted into 9-10 hotel suites
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This gorgeous historic building was totally remodeled and converted into the most exclusive boutique hotel of San Jose opening in December 2010. The owners decided to start with only 5 hotel-suites while comfortably live in their private residence on the main level... 9 months later and with a growing number of bookings and reaching an occupancy rate of 65% in New Year's of 2011, there is an urge to convert their private residence into 4-5 more hotel rooms (identical layout as the hotel level).
Reasons for selling in the "seller's own words":
“We are ready to develop a new project: this is our job, searching property with good potential, buying, renovating, start up and selling.”
OFFERING SUMMARY
It is clear that the concept developed by the owners of this boutique hotel has been accepted very well by the market. It is hard to see such good results in a short period of time specially when you are in the hotel/hospitality business for the first time.
The hotel has grown so rapidly that it is demanding expansion into more hotel rooms... With 9 or 10 hotel suites, there is potential to make US$160,000+ NET PER YEAR.
This is the opportunity for someone who can see the Real Estate value of this gorgeous historic residence in the best neighborhood of downtown San Jose as well as the business potential of owning one of the best rated boutique hotels in downtown San Jose.
Owning this exceptional property is also owning a piece of Costa Rican history! This beautiful building is located in the historic district of San Jose, an aristocratic neighborhood founded at the end of the 19th century by wealthy French landlords.
The building offers unique, glamorous architecture that evokes the feel of the 19th century throughout. Completely restored in 2010, this mansion feature 5 exclusive hotel suites. Each suite boasts a mini-bar, personal safe and a 32-inch LCD TV with access to approximately 100 channels as well as WI-FI Internet service. Best of all, each comes complete with handmade furniture created out of local woods.
