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Highly Profitable Large Hotel Property Overlooking San Jose For Sale

Escazu, San Jose
Asking Price:
$1,950,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
$100K - $250K (USD)

The property consists of a 2-3 bedroom owner’s apartment, and 11 hotel rooms with heated swimming pool and large gardens.
The hotel is highly profitable, with good occupancy rates, also in the rainy season, catering to a wide range of travelers, including tourists, dental tourists, winter vacationers on long terms stays, and people on business travel. In addition an important guest group is a “home” in San Jose for foreigners living in other parts of Costa Rica, who use the hotel as a base when they are visiting the San Jose area.
The friendly, relaxed atmosphere of the hotel, the architecture of the place and pool and gardens, and in particular its views has garnered a long list of positive reviews through the years, giving the hotel a top rank not just in Escazu, but also for the wider San Jose area on sites such as Tripadvisor, booking.com, Expedia and Airbnb.
The property is flexible and can potentially be used in many ways. Owners can also live in the main part of the hotel, giving them a 6 bedroom, 8 bathroom, and very large living and dining areas, and rent out the current owners’ apartment, as well as five other hotel rooms to guests. Alternatively, owners can live off site, and the current owner’s apartment can be rented out as an apartment or converted to an additional 3-4 hotel rooms.
The current owners believe the business has room for further growth. As this has been a side business, little has been spent on marketing, and optimizing reservation systems and processes (such as hotel rate management to enable higher occupancy in low season and higher rates in high season).
There is also room for expansion of the main building at a low cost, with possibilities to build another floor for instance.

-Please contact us for more information.

Property information

Real Estate:

Real Property Included

Living Accommodation:

3-bedroom owners' apartment in addition to hotel business.

Location:

Located in Escazu with great views over San Jose and surrounding mountains.

Premises Details:

Large property with very nice gardens and pool with amazing view.

Size in square feet:
25,000

Business Operation

Expansion Potential:

Several options for expansion of hotel business, and also for other uses of the property.

Competition / Market:

Main competition is other B&Bs in the area, but hotel stands out by generally being larger and offering greater facilities than what is offered by other hotels in this region and segment.

Reasons for selling:

Owners need to move do to family situation.

Trading hours:

Hotel reception is open from 7am-10pm.

Employees:
4
Years established:
25

Other Information

Support & training:

Current owners are willing to help to make sure everything goes smoothly.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.

Contact Information

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