Hotel in the Shade

Contemporary Boutique Hotel With A Breathtaking Infinity Pool For Sale

SOLD!

Units

12

Bathrooms

13

Pool

Yes

Year Built

2015

Area (sqm)

12,000

Lot Size

1103

Description

Do you want to own one of top 10 hotels in Tamarindo?

Hotel In The Shade is immaculately established business so you make sure you can hit the ground running as soon as you arrive (or sooner). Apart from being loved by its customer (top 10 in Tamarindo, reviews based), it has an unbeatable financial growth.

Thanks to well set management you can start your income flow even before you physically move.

The hotel is well established, new, and does not need any investment.

Costa Rica is a growing destination with new flights opening to Liberia airport every year and Tamarindo is a place to be.

How do you make sure you are buying a business that stands out in a bustling town with wide offer of accommodation, restaurants and other activities? Buying a business with solid grounds will not let you down.

Why in the Shade?
Customer base

Established property with high reviews (top 10 in tamarindo)

Solid consumer base (600 reviews on booking. Com in last 2 years)

Room nights position on the market

Top 7 hotel in Tamarindo (out of Tamarindo 200+ properties)

Location

Rare location (almost no similar lots left on such a centric location and no hotel of this time in equally attractive location

Possibility of expansion

12 more rooms can fit on the property

The hotel grew from 5 rooms to 16 rooms in 4 years time (plus has added a swimming pool)

Restaurant is for now open just for breakfast and it is a great source of income. If open the whole day, value of just the business of similar restaurant would be $ 200k (not including the property, but just the right to rent)

Operations

Automated dynamic pricing model (linked to Expedia, booking, airbnb, and own website) to take advantage of nonelastic demand in peak season, and maximizing occupancy in low season. Strong financial background will not be necessary from the new owners, since the current owners made sure that pricing is set up so it maximizes profitability, and it is easy to learn.

Staff

Has an established team and functions without the owners being present. The owners live in Europe and are just occasionally visiting the property.

Long distance hotel management processes well established and would be transferred during the handover of the hotel.

High standards.

New building.

Current financials without the swimming pool. Swimming pool should deliver 20% increase in topline and endless potentials for the restaurant and a cocktail bar

Garden café is a growing source of business with excellent menu created with the consultation of a chef from Europe that flew in just for consulting the menu. The work on a dinner menu has also been done, and the restaurant can be open the whole day as soon as the new owners decide.

Property Information
Real Estate:

Real Property Included

Location:

Prime location in Tamarindo, 2 minutes from the center, 5 minutes from the beach

Premises Details:

1103m2 with a 22 meter frontage, 2 water meters, 400A electric line from own transformer, 3 electrometers.

Size in square feet:

12,000

Business Operation
Expansion Potential:

12 rooms extra will fit on the lot.

Reasons for selling:

Retirement

Competition / Market:

Premium hotels in the city such as: Tamarindo Bay, ArcoIris, Mar Rey, Best western, Laguna del Cocodrillo, La Ramona.

Employees:

11

Years established:

2015

Other Information
Support & training:

1 month full support and training.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Website:
Home based:

This business can be run from home.