RESORT DEVELOPMENT OPPORTUNITY IN PRIME TOURISM DESTINATION

Santa Teresa Costa Rica , Costa Rica

$3800000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Other
Chain / Market Scale: Independent
Brand: Independent
Corridor: Exterior

HOTEL & RESORT DEVELOPMENT OPPORTUNITY IN ONE OF THE HOTTEST TOURISM DESTINATIONS IN THE WORLD

Proposed Project: 150 Room Hotel and Mixed Use Development

ROI For The Hotel Portion Of The Project:

Potential CAP Rate: 17% – 42% in 5 years (this is conservative and only accounting room revenue)

Land:

2 Hectares or 5 acres
100 meter walk to the beach
100 meters of Commercial Road Frontage
200 meters from the main center of town

Zoning and Licenses in place:

Commercially Zoned & Fully Licensed as a Hotel, Restaurant & Bar

Tourism Market:

3 Million tourist per year
$2 billion tourism industry

Utility development already in place. This land is ready to go!

According to the New York Times has Santa Teresa is dubbed “The Next Tulum” meaning it is one of the hottest places for tourism in the world and the time is perfect for a mid size hotel or resort development.

Mal Pais Surf Camp is the IDEAL LOCATION for a mid-size hotel or mixed use resort-style development with both short and long term rentals as well as restaurants, bars, lounges, yoga retreats and event space. This would be a great space for a Boutique Wellness Resort. The options for this one-of-a-kind property are limitless.

Costa Rica tourism continues to thrive with over 3 million tourists, making Costa Rica the most visited country in Central America, resulting in a $1.92 billion a year industry. The financial security offered by Costa Rica’s tourism industry makes the decision to invest in a hospitality property in Costa Rica an attractive addition to any investment portfolio. In fact, a 2019 US News and World Report article, ranked Costa Rica in the top 3 of the best countries to invest in and it is one #1 place for Americans to retire right now according to International Living.

Contact us for the detailed 5 Year projected pro-forma as well as comparable properties and statistics for hotels all over the Costa Rica.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Other
Chain / Market Scale: Independent
Additional Property Type: Resort
Brand: Independent
Corridor: Exterior
Room Inventory Description:

Mal Pais Surf Camp Current Room Mix:
6 Hotel Rooms
4 Poolside Villas
2 Large Home
4 Open Air Ranchos
1 Camper
100+ Rustic Tent Campsites

Common area amenities:

Other

High Speed Internet

Breakfast Area

Exercise Room

Outdoor Pool

Lounge

Restaurant

Source of Business:

Other

Leisure

Additional Links:

Location


Country: Costa Rica
State: Santa Teresa Costa Rica
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

James Clinton Bunn

President and Broker
LTD International, Inc.


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