Turn-key beach hotel for sale in Puntarenas
ID # D116159

Puntarenas

For Sale : $5,300,000
( Price Per M² : $1682.0)

 

 3,150 

Sq. Meters

 2,950 

Lot Area

The Scoop

ID# 116159. Turn-key beach hotel for sale in Puntarenas, Hotel Tioga, 3.150 sqmt construction, 2.950 sqmt land, US$5.300.000 (negotiable). Hotel Tioga is a beachfront property facing the Gulf of Nicoya. It stands on the popular boulevard named ‘Paseo de los Turistas’, the most transited street of Puntarenas city and just 0.8 Km (0.5 mi) away from the city’s pier on which international cruises dock. Hotel Tioga offers a family atmosphere and strategic beachfront location, its excellent service and secure parking lot for 60 vehicles. It also has a guard house and direct means of communication with the hotel. The Hotel is composed by the following facilities: 1. Reception area; 2. Administrative offices area; 3. Laundry, drying and ironing area; 4. Lobby waiting area with bar; 5. Swimming pools (main pool for adults and low depth pool for children); 6. Open sky terrace for indoor sun tanning and rest; 7. Beachfront bar-restaurant; 8. A central 2-story building with standard rooms surrounding the pool area and an annex 4-story building with ample rooms and an elevator (11 out of the 52 rooms available have beachfront balconies. 1 room is fully equipped for disabled individuals according to law 7600). Hotel Tioga was founded on 1959 and for many years became an icon of Puntarenas city. The annual percentage of occupancy is approximately 75% in between high and low seasons. There are 3 types of rooms available: 1) Tourist: standard room on the central building and surrounding the swimming pool area. 2) Deluxe: ample room on the annex. 3) Executive: room with private beach facing balcony. The average rate between the 3 types of room is US$95. The same rate is charged for a double-occupation room and includes taxes and breakfast. The target market is families both international and local as well as traveling government employees who regularly stay on the hotel during weekdays. The hotel has the required liquor and casino operation licenses (all included with the purchase). All the required municipal permits are up to date as well as all insurance policies. All laws are being followed including 7600 which requires for at least 1 room to be equipped for disabled individuals. Water heating is done through solar energy. Activities and points of interest for tourists, close to the hotel: Marine Museum, the Cathedral, House of Culture, Craft Plaza, Former Harbour Captaincy, Tortuga Island, San Lucas Island (Former Penitentiary). The visual appeal of the city’s geography and beach is outstanding. Islands and cruise ships decorate the background. Puntarenas’ ferry: the city is a “bridge city” given that tourists have to go through it in order to visit other coastal destinations such as Tambor, Malpais and Montezuma. Hotel’s structural characteristics: The main material used in the building’s construction is concrete complimented by high quality woods used in room ceilings, stair railings and other side structures. Preventive maintenance and yearly upgrades have kept the hotel in good condition throughout its years. Renovations, area extensions and even new constructions have been part of the investment made on hotel maintenance in order to keep it competitive and up to date with market demands. The city’s regulatory plan allows a vertical construction for up to 7 stories of parking space and a condominium of up to 5 stories. In equal manner the main building, which is currently 4 stories high, is allowed by city’s regulatory plan to be expanded vertically an additional 3 stories (7 total). With possible upgrades being additional rooms, an events hall and casino.

Contact Property Host

Crissy Jones

President & Co-Founder

cris@wercr.net

+(506) 8583-0994

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