Hotel & Restaurant: ***PRICE REDUCED AGAIN*** Popular & Profitable Boutique Waterfront Hotel on The Estuary
Playa Grande, Cabo Velas, Santa Cruz, Guanacaste, Costa Rica
Basic Listing Information
- Price
- $1,100,000
- Listing ID
- CS1700037
- Property Type
- Hotel/Resort/Hostel
- Listing Type
- Commercial Sale
- Status
- Sold
- Images
- 45
- Beds/Baths
- 10/10
- Beds
- 10
- Baths
- 10
- Location Type
- Riverfront
- View Type
- River View
- Total Lot Size
- 2,118.50 m² (22,803.25 sq ft)
- Total Interior Area
- 975.49 m² (10,500.00 sq ft)
Listing Images
MOTIVATED SELLER: This is one of the most popular, well established and profitable operations in Guanacaste. Situated right on the Rio Matapalo Estuary on the south end of Playa Grande, this property is just a short walk from the beach, or a water taxi ride from Tamarindo, one of Costa Rica's most visited areas. This operation utilizes several revenue streams to maximize profits, like a beautiful 10 room hotel; a popular large capacity restaurant; active tour operation; concierge service and property management company. All which earn commissions while serving their guest for 10 months a year when they enjoy a high occupancy. The operation shuts down for 2 months every year for scheduled annual maintenance ensuring that the property is well maintained and always in top running condition.
Long Description
THE HOTEL has 10 well appointed rooms that can accommodate up to 24 guests and enjoys a high occupancy for 10 months a year (closed in Sept. & Oct.). THE RESTAURANT offers a "fusion of the Americas" menu that joins California fresh, Gulf coast Cajun and New England seafood with Latin American variety and Costa Rican specialties. This restaurant serves its guests breakfast every morning and many visitors from all around the area on a nightly basis. It's large capacity also makes it ideal for weddings, private parties and graduations for local schools. THE TOUR OPERATION takes advantage of pre-booking hotel guests for Costa Rica adventures before they even arrive, earning profits on every booking, as well as THE CONCIERGE SERVCE that arranges tours, transportation and car rentals for their guests. There is also a PROPERTY MANAGEMENT service that manages vacation home rentals in the area, also earning commissions on every booking. This hotel was originally opened in 1984 and purchased by the current owners in 2002 and have enjoyed handsome profits ever since.
- Details
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Roof Type Roof Tile Number of Units 10 Number of Bedrooms 10 Number of Full Bathrooms 10 Number of Stories 1 Total Interior Area 975.49 m² (10,500.00 sq ft) Total Area under Roof 1,142.71 m² (12,300.00 sq ft) Total Lot Size 2,118.50 m² (22,803.25 sq ft) Construction Status Completed Year Built 1984 Year Remodelled 2016 Air Condition Type Multiple Wall Units Furnished Type Fully Pool Yes Jacuzzi No Parking Type Guest Space(s) Number of Parking Spaces 4 Telephone Yes Internet Types Cable Internet Television Types Standard Cable TV, Standard Satellite TV - Geography
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Location Playa Grande, Cabo Velas, Santa Cruz, Guanacaste, Costa Rica Country Costa Rica State Guanacaste County Santa Cruz District Cabo Velas City/Town Playa Grande Location Type Riverfront Geographic Type Dry Forest View Type River View Elevation 5.00 m (16.40 ft) Precipitation Dry Average Temperature 85 °C (185 °F) - Features
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Interior Features Included Bar, Breakfast Bar, Ceiling Fans, Fireplace, Fully Equiped Kitchen, Gourmet Kitchen, High Ceilings, Laundry Room, Marble/Granite Countertop, Natural Wood Finishing, Separate Dining Room, Storage Room, Vaulted Ceilings, Washer/Dryer Hookup, Water Heater, Wet Bar Exterior Features Included Garden, Handicap Accessible, Maintenance Building, Storage Shed, Veranda, Water Faucets Amenities Included Concierge, Internet, Laundry Service, Lawn Service, Maid Service, On-Site Maintenance, Telephone, Television, Water Community Features Security Security Features Gate Guard, Gated Community, Gated Entrance, Guard, Guarded Entrance, Reception Desk, Security Lighting, Security Patrol - Infrastructure
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Street Access Type Unpaved Road Type of Water City Water Type of Sewer Septic Type of Internet Cable Internet, DSL Internet Type of Television Cable Television, Satellite Television Type of Electricity Public Telephone Available Yes - Financial/Legal
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Price per Air-Conditionable Living Area $1,127.64/m2 ($104.76/sqft) Price per Total Area Under Roof $962.62/m2 ($89.43/sqft) Price per Square Meter $519.24/m2 ($48.24/sqft) List Price $1,100,000 Total Annual Property Taxes $3,000 Association Fees No Ownership Type Fee Simple
