Dominican Republic
489 Room Beach Front Hotel For Sale
Ad type:
Residential
Property type:
Hotel apartment
Location:
Santiago de los Caballeros, Puerto Plata
Sale price
549129218 DOP
Details:
Size:
824612 SqFt
Floor:
1
Floors:
2
Bedrooms:
13
Bathrooms:
13
Price / SqFt:
~ 665 DOP
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.
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.
