Beachfront Hotel

Property Size: 113,785.293 sq. ft.   

Location: Santa Cruz

Hotel Size: 40,902.858 sq. ft.  

Parking: yes

This beachfront property and boutique hotel in its third year of operation. The property sits on one hectare (2.47 Acres) and is being offered "as is." The hotel features 9 Standard hotel rooms, 4 Deluxe-Jacuzzi Rooms, 5 Junior Studios (1-bedroom plus living and kitchen), 10 Studios (2-bedroom units) 1 Master Suite, 28 units with 38 bedrooms, as well as a swimming pool, restaurant including a palapa/rancho and kitchen, office building, buildings for services and employees, parking lots, etc. There is approximately 3,800 m2 of construction.

Duly stamped architectural plans and building permits. Legal work on Condo Units separation/independent registration does not exist at present, but is possible. Registration at ICT with a category of "4 Stars;' registration with the CST (Certificado de Sostenibilidad Turistica) in process. Liquor License exists. Possibility of a "casino license." This is not a full description of the object of the sale.

Financial Outlook: The Hotel can reach a yearly turnover of US $1,500,000 and operate with costs of not more than US $600,000, for a yearly cash flow profit of approximately US $900,000. The property - only assets - has been officially appraised in US$6,400,000. Price: $7,500,000.00