| Description:
Cabarete: 3 Star Hotel Complex with 500 rooms at the Beach
Only Land value is 8 Mio US $ !!!
The Hotel consists:
489 rooms,
20 BeachFrontVillas
9 penthouses
directly at the beach of Cabarete in a beautiful park area.
Lot Size: 20 acres , 81.000 m2
871,884 sq. feet
Constr. Size: 19.200 m2 /
206,669 sq. feet
completely own power supply
More Description:
The complex need some renovation.
Situated on just over 20 acres of land this 489 room resort is only 15 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 only a minimal investment.
This hotel is currently a 3 star and can be easily upgraded to a 4 or 4.5 star.
Additionally, the 5 acres of beachfront has the potential to be used for 200 new condominums.
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 closed in May 2008 and was fully operational until that time. The seller is willing to consider some financing.
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.
All letters of interest should be provided 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.
Features - Amenities :
Furnished
Appliances
Pool
Tennis Court
Balcony
Ocean Waterfront
489 Rooms
Full Independent Electrical Generator System
Water Filtration System
3 Swimming Pools
2 Clay Tennis Courts
4 Restaurants
Please ask for pictures and plan.
Situated on just over 20 acres of land this fully operational 489 room hotel is only 15 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 only a minimal investment. This hotel is currently a 3 star and can be easily upgraded to a 4 or 4.5 star, additionally the 5 acres of beachfront have the potential to be used for 200 new condominums. 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 has just become non-operational. The seller is willing to consider some financing.
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.
Dominican Republic Construction
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: Christian Vogt: 7/24 Hotline : +1
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Listed by: Horst
Schmidt
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Listing ID : 740
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