Property is Sold $600,000 USD - Hotels
This Cabarete hotel is a great value, family run business and the only Hotel in Cabarete in this price range. It has 7 rooms, 7 Studios with kitchens, a one bedroom apartment and an Owners Apartment with 2 floors and a large ocean view terrace. Total: 16.
Due to the location, the good rates and a high rating on Tripadvisor this place is always busy. During the last high season from Dec. 15 through Easter, it was 100% booked most of the time.
Sell that house and/or business up north, and spend the next years running your own Caribbean Hotel in the world famous and popular beach town of Cabarete. The hotel has a great location just a few meters walk from the golden sandy beaches and turquoise waters of Cabarete Bay. You can walk in either direction for many miles. Not only is it located near the beach, but also your guests will be able to cool off in the swimming pool which is surrounded by lush tropical gardens. It is just a short few minutes walk to all of the many restaurants & bars, shops, banks, etc., that Cabarete has to offer. Being sold with a great reputation and a excellent web site.
Income: During high season the income is around $500 per night. This is a marvellous opportunity for a semi-retired couple who would like an income and still have time to relax. Good staff. One maid has been here 15 years.
The Hotel has a large unused reception room that could be used as a store area to sell tourist items. It has a Breakfast and Lunch Restaurant, currently leased out. One the the most popular breakfast and lunch bistro’s in Cabarete, that could be extended to evening hours and bring in more income. For more details and financials email or call me.
Improvements: In the past two years over $40,000 has been spent on the hotel building and furniture.
There is new pumps, tanks, water heater, WIFI routers, taps, 10 new fridges, mattresses, beds, windows, ceramics, AC, curtains and recently a new roof for most of the hotel.
Features at a glance Fast Internet/ADSL AirCon Balcony
Close to Beach Cable/Satellite Close to Town
Fans Finance Available Furnished
Garden Municipal Water Parking
Pool Sea View Telephone
Terrace
Bedrooms: 16 Bathrooms: 17 Sleeps: 36
For more information, please contact:
Lyle Burke
[email protected]
Panama Office +1 507 6834-6390
Skype lyle_01
