U$2,500,000 - Hotel with Old World Charm For Sale in Cabarete

  • $ 2 500 000
  • Gastronomy/Hotel For Sale

Description

Facing directly onto the main road and just minutes from the beach, this hotel has always been popular with tourists and visitors from all over the world. Inside the main entrance is a large reception area with friendly staff continually checking their visitors in and out?

A spacious restaurant and bar area is set off to the right of the reception, furnished with bamboo, cane chairs and tables with pretty red and white rustic table cloths. Just the place to meet up before going out to explore the many boutiques, bars, restaurants and beach bars of this fun loving and rapidly expanding town of Cabarete ' The Adventure Sports Capital of the Caribbean.'

The hotel has grown and expanded under the care and supervision of the present owners, over the past twenty years to its present total of seventy rooms and seventy two bathrooms.

Leaving the main reception area and heading out towards the pool, there are two terraces set on either side of the walkway and a pretty pool with its water fall that comes into view, with sun loungers spread out around it, for guests to gain that all important Caribbean suntan. The accommodation which is laid out in 4000 sq meters of grounds consists of 24 bungalows each of 20 sq meters, plus 2 bungalows of two levels each of 40 sq meters, each individually set in its own small private space, in amongst mature gardens, offering a cool green leafy canopy for their guests.

Beyond this and to the left is a 400 sq meter three storey block of 28 rooms, consisting of:- 12 standard rooms + 12 Studio rooms with kitchenettes, 2 comfort rooms + 2 grand studio rooms with kitchenette, each with its own individual colour scheme and décor, offering clean, fresh and affordable accommodation. The owner’s Apartment stands at the far end of the gardens with the beautiful National Park area of wetlands, grasses and reeds forming the lagoon, which runs all the way along behind the property with the back drop of the beautiful Cordilleras Mountains rising in the distance beyond the lush green foothills.

The present hotel is run as a very successful business ready for someone to take it on as it is, but money needs to be invested in the present buildings to upgrade and modernize the fixtures and fittings. It must be noted though that all the bungalow style individual dwellings have all recently received new glass windows and doors. The spectacularly large garden area is just perfect for redevelopment.

If the small individual one story buildings were removed, the local authorities would consider the building of several five story condominium blocks within the garden area. There is also a large area of approximately 220/240 sq meters underneath the present reception area, with plans to open this up as a street level entrance. At the front of the hotel, are also three commercial premises, presently rented out, which provide additional income.

This hotel has enormous potential because of its location in the every growing, popular resort of Cabarete. With an asking price of just $ 2.500,000 this is a really excellent opportunity for a new owner to realize its future potential.

Details

  • Listing status: Active
  • Available from: Aug 01, 2014
  • Listing #: 6977

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Map

Address: Cabarete, Dominican Republic
Latitude / Longitude: 19.749820 / -70.408290

Directions

Distance to airport (km): 17
Distance to airport (miles): 11
Distance to beach (km): 0
Distance to beach (miles): 0
Distance to schools (km): 1
Distance to schools (miles): 0.6
Distance to shopping (km): 0
Distance to shopping (miles): 0
Distance to town (km): 0
Distance to town (miles): 0
Features: Cable, Generator, Internet, Jacuzzi, Maids quarters/Laundry, Swimming pool, Telephone
Floors: 3.5
Furnished: Fully furnished
Lattitude: 19.74343913716519
Longitude: -70.4168701171875

Neighborhood

North Atlantic Coast

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  • Name: Property Magnets
  • Speaks: English
  • Company name: Property Magnets
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