For immediate release
[Santa Teresa, Costa Rica]
LTD International Announces the Sale of Villas Hermosas – An Amazing Boutique Hotel in Costa Rica
LTD International, Inc, a member of Hotel Brokers International, is pleased to announce that it has completed the sale of Villas Hermosas in Santa Teresa, Costa Rica. This 5-unit, 12-room boutique hotel is one of the few beachfront properties in this prime tourism destination ready for the development of larger hotels. Santa Teresa, Costa Rica, is one of the most popular surf and yoga destinations in the world and has been slated by some as the “next Tulum”. LTD listed the property exclusively for the Owner/Operator in February of 2020 just a couple of months before the Costa Rican government closed all the boarders and stopped international travel due to the COVID-19 Pandemic. However, that did not stop LTD from receiving several inquiries from parties considering this highly valued property. Even amid the pandemic and with boarders closed LTD received multiple offers and successfully negotiated a fully executed contract by the end of December 2020. The sale closed on March 1, 2021. The final sales price and the upcoming project were asked to remain confidential.
James Clinton Bunn, President of LTD International said, “We’re happy to have helped the Seller and Buyer achieve a mutually beneficial transaction for this beautiful property. Costa Rica has been growing and developing rapidly over the last 10 years where there is normally a $2 Billion per year tourism industry as of 2019. I will say that from conversations with hotel owners and experiencing the crowds of tourist firsthand we believe the tourism rebound is well underway here in Costa Rica and now is a great time to invest in this emerging market.”
About LTD International, Inc
LTD International, Inc, a hotel brokerage and advisory firm, is the only company of its kind in Central America, specifically Costa Rica and Panama, that focuses on hospitality asset acquisition and disposition. LTD uses cutting-edge marketing tools, including social media, as well as a full range of traditional prospecting and marketing to reach local, regional, national, and international clientele. They represent individuals, investor groups, owners, and developers from around the globe. LTD is proud to provide professional service coupled with unparalleled integrity so that their clients can make the best investments possible in these high demand and emerging markets. To find out more about LTD and hear about upcoming opportunities access us online at LTD.International.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals, and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit hbihotels.com.
James Clinton Bunn, President
San Jose, Costa Rica
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri