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Hotel & Restaurant For Sale
Location Dominican Rep.
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training As required.
Reason for Sale Other business interests.
Description North coast Cabarete Dominican Republic hotel with 44 suites, 22 bungalows & 2 penthouses $2,800,000. This hotel is located just within the city limits of Cabarete on the road from Sosua to Sabaneta on the north coast of the Dominican Republic - only a few steps from one of the most outstanding beaches for windsurfing, kite surfing and 20 minutes from the airport of Puerto Plata. This hotel is considered an excellent opportunity for return on investment. Cabarete has been booming the last couple of years and it is expected that this will continue to last over the next period to come. The hotel has a main building including air-conditioned bar & restaurant, internet cafe with adsl connection, pool, laundry, gift shop and pharmacy. In the basement of the main building there is an opportunity to have 9 shops of approx 400m2 in total. Next to this the hotel has 28 small economic individual bungalows (tropical construction) - 15 comfort rooms and 14 comfort studios, - 10 deluxe rooms, studios, and apartments with views overlooking the luxurious tropical garden and the pool of the hotel. Next to this on the top floor of the front wing of the hotel, there are 2 penthouses of high quality with 2 bedroom units. In the back of the hotel the rooms are built on three levels. This is one of the quietest places located in Cabarete. From your room, you can see the sunrise and the sunset, and you have a fantastic view onto the nationally protected lagoon of Cabarete. The rooms are all equipped with refrigerator, ceiling fan or air conditioning, telephone, American 110v & European 220v, cable TV, sliding glass doors, balcony or terrace, safety box, connection adsl, bathroom with wc and shower. Email or call Jim Baker at 321-452-3462 for more information on this hotel & restaurant for sale.
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