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Prime Investment Opportunity: Central Valley Hotel with Proven Success

Ciudad Cariari, Heredia

$2,595,000

ID: 20126

Property Status:

Active/Published
  • Bed 34 Bed
  • Bath 42 Bath
  • Acres 0.47 Acres
  • floor 27502 Floor Area (sqft)
  • built Built 1996
ID: 20126

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agent

CONTACT AGENT

Listed by

Carlos Prestinary

Coldwell Banker Vesta Group Dominical

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Location: Ciudad Cariari, Heredia

Investment Opportunity: Central Valley Hotel with Strong Revenue PotentialWelcome to a unique investment opportunity in the heart of Costa Rica's Central Valley. This 34-room hotel is strategically located between the international SJO airport and central San Jose, nestled in the exclusive gated community of Los Arcos, Ciudad Cariari. Priced at US $2.595 million, with up to 50% financing available, this property promises a high annual rate of return that justifies the investment.Overvi…Read More
Investment Opportunity: Central Valley Hotel with Strong Revenue Potential

Welcome to a unique investment opportunity in the heart of Costa Rica's Central Valley. This 34-room hotel is strategically located between the international SJO airport and central San Jose, nestled in the exclusive gated community of Los Arcos, Ciudad Cariari. Priced at US $2.595 million, with up to 50% financing available, this property promises a high annual rate of return that justifies the investment.

Overview:

Built in Stages: Constructed in three stages, with the front building in 1996, the back building in 2001, and the pool area added in 2009.
Room Features: The hotel boasts spacious, fully loaded rooms, most with two new queen-size beds, private baths, flat-screen TVs, WiFi, A/C, CubieTime alarm clock with charger, and more. Suites offer additional amenities like in-bath Jacuzzis, microwaves, and outdoor balconies.
Diverse Amenities: Enjoy a sixty-person bar and restaurant, a solar-heated pool and Jacuzzi (remodeled 2023), a two-story solarium room, a business station, and a fully equipped gym.
Self-Sufficient: The hotel has its own legal potable well and a gas-fired electric plant, ensuring a constant water supply and electricity, even in Costa Rica's occasional power outages.
Strategic Location:

Competitive Edge: Positioned as an eco-friendly hotel in a gated community, the hotel competes with four large chain hotels in the area.
Year-Round Business: Situated on the edge of a free zone, the hotel enjoys year-round occupancy, avoiding the extreme low seasons faced by beach hotels.
Ideal Climate: Located 15 degrees cooler than coastal areas, the Central Valley attracts visitors looking to escape the heat, particularly from regions like Florida and Texas.
Tourism Hub:

Diverse Experiences: Costa Rica's tourism is solidified by its diverse attractions, including rainforest adventures, volcanoes, rafting, zip-lining, wildlife, and cultural experiences.
Central Hub: The hotel serves as a central point for day tours to popular destinations, making it ideal for travelers exploring various parts of Costa Rica.
Business Opportunities:

Revenue Streams: Beyond accommodation, the hotel generates income from leased bar and restaurant spaces, tours, car rentals, and transfer services.
Staff Incentives: The staff is incentivized to organize and sell additional services, providing guests with excellent service and the hotel with additional revenue.
Prime Location:

Safety and Convenience: Unlike hotels in the heart of San Jose or near noisy runways, this hotel offers a safe, clean, and quiet environment while remaining close to key attractions.
Supply Accessibility: Strategically located for easy access to the Costa Rica food distribution center, the hotel can source supplies at lower costs.
Key Feature:

Proximity to Convention Center: The hotel stands as the closest to Costa Rica's new $62 million Convention Center, offering a significant advantage for business travelers.
Financial Snapshot:

Proven Performance: With a CAP rate of about 12.5 and a year-round occupancy hovering around 70%, the hotel presents itself as a sound investment with existing reservations.

Don't miss the chance to own a well-established hotel in a prime location, primed for continued success. Contact us to explore this lucrative investment opportunity. …Read Less

Location

Ciudad Cariari, Heredia, Costa Rica

Ask a question

Fill out the form below and we will be in touch

agent

CONTACT AGENT

Listed by

Carlos Prestinary

Coldwell Banker Vesta Group Dominical

Fill out the form below and we will be in touch

Ask a question

Fill out the form below and we will be in touch

agent

CONTACT AGENT

Listed by

Carlos Prestinary

Coldwell Banker Vesta Group Dominical

Fill out the form below and we will be in touch

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