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Profitable Hotel in Heredia

  • USD $2,700,000
Featured For Sale
Ulloa, Costa Rica
Featured

Profitable Hotel in Heredia

Ulloa, Costa Rica
  • USD $2,700,000

Overview

Property ID: 29185
  • Hotel
  • Property Type
  • 34
  • Bedrooms
  • 45
  • Bathrooms
  • 2001
  • Year Built

Description

This hotel was solidly built in three phases; The front half was constructed in 1996, the back half in 2001, and the pool and patio area, in 2010. All existing 34 smoke-free hotel rooms are quite modern and spacious and are 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 runs throughout the hotel.  All rooms have A/C, direct dial phones with free international and local calls, coffee makers, a small writing table and chairs, a closet and dresser, and an in-room safe. There are three suites which have in-bath Jacuzzis, microwaves and a small fridge.  There is a sixty person bar and restaurant, and a big two story solarium room with a large Mayan waterfall aquarium, a solar-heated Jacuzzi beside the new pool, a computer station with four computers for people without a laptop, and a new fully equipped gym.  The location is multi-purpose. It is ideal for first and last night stays in Costa Rica for tourists and condo owners, as well as being conveniently located directly across the street from the New Convention Center.

There is a recently completed a 87 square meter solar-heated infinity pool and Jacuzzi, plus patio area, all nicely opening to the bar and restaurant.  This profitable hotel for sale is an excellent destination for people with families, retirees who are touring the nearby Rainforests, Volcanoes, etc. The total hotel lot size is 1923 square meters in a prime location, in one of the most exclusive neighborhoods in Costa Rica called Ciudad Cariari.  The asking price is 2.7 million USD, and short term temporary financing available, with a down payment requirement of 50%, with the balance to be paid over a maximum of three years.  Financials are available for the last 3 years and they show about $375,000, $507,000 and $485,000 net before mortgage payments.  The occupancy rate for the last year was 80%.  There are no additional fees if this property is purchased as a Non-Costa Rican Citizen or don’t reside within Costa Rica, and in addition one could easily obtain residency as an investor in this property.

There is currently one first mortgage for about $600,000 and the annual taxes in Costa Rica on the property are as follows; 13% sales tax, patents (like liquor license, health license, are about $5,000 per year, property taxes are about $3,000 per year.  All licenses are included, it is a turnkey purchase;  the holding corporation and the operating corporation is included and the operating company has the current licenses under its name, however, they can be transferred to another corporation if the buyer wishes.  All the present furnishings are included in the price. All chattels, linens, computers, furniture is included.  The only additional cost would be for the existing inventory at the time of closing at cost.  Adventure Inn is a good, safe hotel to own, and ideal  for an investment group who are concerned with the bottom line. This profitable hotel for sale is set up to be easy to run. The Hotel is an excellent opportunity for someone wanting to make money immediately, as it is a fullyoperational turn-key hotel that basically runs itself, and is often quite busy.

Unlike fire-sale beach and mountain properties, there is a reason for the hotel’s success, as because of its location, there are very few seasonal changes, and therefore the Adventure Inn tends to be busy year round.  The near San Jose location also allows us a larger bilingual labor pool to draw from, and convenient proximity to government and other services and suppliers.  Costa Rica’s huge food distribution clearing warehouse, Cenada, is just across the highway from Adventure Inn and it is far easier and less expensive to pick up restaurant supplies there, than to have them delivered.  The New Convention Center, a 7,500 to 12,000 person government owned and bank financed facility is due to begin construction in three stages beginning in November right across the street.  This profitable hotel for sale is the closest hotel to it using the already existing handicap accessible pedestrian bridge over the main highway.

Highlights for this amazing profitable hotel for sale:

• First Class Construction

• Ideal Location

• Currently Profitable

• Fully Equipped

• An Excellent Value

• Priced For Quick Sale

• Turn-Key Opportunity

• A Great Investment

Details

Updated on June 2, 2020 at 4:50 am
  • Property ID: 29185
  • Price: USD $2,700,000
  • Land Area: 1923 sqm
  • Bedrooms: 34
  • Bathrooms: 45
  • Garage Size: 75
  • Year Built: 2001
  • Property Type: Hotel
  • Property Status: For Sale
  • Address Quebrada Guaria, Ulloa, Cantón Heredia, Heredia Province, 40104, Costa Rica
  • City Ulloa
  • State/county Heredia
  • Zip/Postal Code 40104
  • Area Adventure Inn
  • Country Costa Rica

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