Playa Hermosa Hotel and Resort REDUCED!.
Hermosa Beach, Puntarenas, Costa Rica
Listing ID: 90013101077
REDUCED BY ALMOST $200K! This is your opportunity to purchase a profitable hotel and resort on the Pacific coast of Costa Rica, in beautiful Playa Hermosa, the crown jewel of the Central Pacific region!
Built in 2007 and having been well-managed since 2010 by the current owners, the business has been growing year after year under the current management.
This is an excellent investment for a retired couple or for those looking to build on an already successful business to generate income, build equity and still be able to enjoy the Costa Rica laid back lifestyle.
The award winning hotel is completely fully operational and turn key, and is highly rated on major review websites and recommended by the major Costa Rica guide books etc.
It is also booked by major hotel booking companies such as Travelocity, Hotels.com and Bookings.com.
The hotel also has a good social media presence with its own Facebook page with thousands of likes and a Twitter feed.
The hotel is comprised of 8 Junior Suites all featuring kitchenettes, en-suite shower rooms, queen size beds and full size trundle beds, air-conditioning, hot water, mini-fridge, coffee maker and cable TV, and all set around a beautiful pool and in manicured tropical grounds.
There is also an Owner´s 3 bedroom, 2 bathroom, villa which is currently rented out as a vacation villa, as the current owners live off site.
Other amenities include a poolside Rancho with bar, pool and a fully-equipped kitchen and grill, for providing breakfast and other meal options.
There is a pump / storage room and a further two storage bodegas on the property as well as reception, office and laundry room.
Two other vacation villas are located on the property which are investor owned but managed and rented by the hotel providing additional income.
At the rear of the property there are three investor owned lots with outline plans for 3 further vacation villas which would be managed and rented by the hotel when built.
The property is operating as a condo-tel, and is fully staffed with security, receptionist, cooks, maids, maintenance and garden staff and is in a first class position located just under a kilometer from one of the best surf beaches in Costa Rica, and two major National Parks are within a one hour drive.
Hotel Income streams currently include hotel room sales, food and beverage, management and rental of the vacation villas and condos both on and off the property, plus concierge service for tours and excursions and transportation service to local areas and San Jose airport with the hotels own minivan.
Retirement due to ill health forces sale of this busy and profitable operating hotel situated on a public road frontage with gated entry and private parking.
This hotel can be purchased alone or there is an opportunity to also purchase the adjacent titled lots and / or the 2 investor owned villas and / or adjacent 2 condos all with public road access and municipal services at additional price.
Gross income for 2013 showed an increase year on year with a good net profit margin of 30%.
2014 accounts are currently in preparation, however, it is expected that these will again show a steady growth in income.
Management Accounts can be made available to qualified buyers.
There is plenty of scope to increase revenue by expanding the rental of offsite villa / condo vacation rentals, and increasing promotion and sales of the concierge, transportation business and restaurant.