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Contact person: Teresia Rosario
+18297141947 Send an e-mail
Listed by: Sosua-Cabarete-Realestate
Rating:

489 Room Beach Front Hotel For Sale

Posted 13.05.2020
55 views
Ad type: Residential
Property type: Hotel apartment
Location: Santiago de los Caballeros, Puerto Plata
Sale price 549129218 DOP
≈9394854 USD
≈8077080 EUR
Details:
Size: 824612 SqFt
Floor: 1
Floors: 2
Bedrooms: 13
Bathrooms: 13
Price / SqFt: ~ 665 DOP

Advanced options

View of water
View of landmark
Covered parking
Security
Balcony
Private garden
Private gym
Private pool

Description

THIS PROPERTY IS TEMPORARILY OFF OF THE MARKET UNTIL FURTHER NOTICE

Situated on just under 20 acres of land this 489 room hotel is only 25 minutes from the Puerto Plata airport.

This is a fantastic opportunity for investors looking for a bargain deal that has the potential for substantial added value for. This hotel is currently a 3 star and can be easily to a 4 or 4.5 star, additionally the 5 acres of beachfront have the potential to be used for 200 new condominiums. Condo-hotels are becoming increasingly popular as end user investors recognize the benefits of full amenities in investment properties. The proximity to Cabarete and large beach area make this property the best opportunity on the market.

This hotel is non-operational.

Please Note: Due to the sensitive nature of large size hotel sales the flow of information is restricted until the seller is convinced of the buyer's eligibility.

In the first instance a confidentiality agreement is required to disclose the name of the hotel. Thereafter a further NDA and non circumvention agreement may be required. Furthermore the seller will require a letter of interest on the buyer's company letterhead. The company should also provide a company profile and adequately show proof of funds. Full disclosure is only available during a site inspection.
Brokers and buyers are respectfully asked to review the procedure before contacting us for further information.
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