47 room Hotel for Sale or Rent in San Jose Center

Commercial Property Summary

Listing Overview: This 47 room hotel located in the center of San Jose features four stories plus a basement with a laundry area, kitchen and restaurant. The sale will include the entire building and all its furnishings and equipment, a liquor license and commercial patent. The hotel also has a bank loan of $900,000 for 15 years. This could be assumable or paid off. The rental price is $15,000 monthly.
Municipality: San Jose
Land Area (M2): 674
Property Size (M2): 1,980
Construction Area (M2): 1,980
# of Hotel Rooms: 47

Hotel Listing Summary Information

Hotel Description: This hotel offers 47 comfortable, spacious and well illuminated standard guestrooms, with a contemporary and minimalist decor. The hotel has a restaurant, bar and tourist desk. Other Services offered: Airport transportation upon request Free internet access in lobby Free internet connection in all the hotel Laundry service Fax service Room service from 6:30 a.m. to 9:00 pm. International cuisine restaurant and bar open from 6:00 a.m. to 10:00 p.m. Free parking The current payroll consits of the following 15 employees and has a monthly cost of $5600: 3 security, 4 receptionists, 1 accountant, 2 cooks, 1 waitor, 3 housekeepers and 1 manager. The hotel currently works with the following tour operators: Expedia, Costa Rica Ecologica, Open Doors, Tourico, Kroa and Tourem.

Growth/Expansion Potential: With the addition of 10 more hotel rooms, this hotel would satisfy the requirements for a casino license.
Number of Single Rooms: 14
Number of Double Rooms: 29
Total Number of Rooms: 50
Avg. Price Per Room: $70
Room Amenities: All rooms are equipped with a ceiling fan and 10 of them have also air conditioning, safety deposit box, cable television, telephone, coffee maker and private bathroom with shower. Continental breakfast is included in rate. The rooms offer either two twin beds, one queen bed or one queen bed and one twin for triple occupancy
Occupancy Rate (Trailing 12 Months): 57% (Monthly Average for FY 2008.)
Casino Description: Currently there is no casino.
Restaurant Description: The restaurant is open for breakfast daily and available for lunch or dinner by reservation.
Number of Employees: 15

Site Detail

Location Summary: This hotel is located at only 30 minutes from Juan Santamaria International Airport and at walking distance from the city center’s main attractions like the National Theater, the Pre Colombian Gold Museum, the Jade Museum, the Central Market, bars, restaurants, art galleries, souvenir shops and banks. The hotel location is strategic for those who wish to take one day tours or to access the main roads to the beaches on the Caribbean or Pacific.

Bus/Train Access: Public Bus lines are nearby
Highway(s) Access: 400 meters to the Limon Highway

Parking

Parking Summary: There is currently a parking contract in place for space adjacent to the hotel. This has an additional cost of $600 monthly.

AC, Heat and Ventilation

Air Conditioning Specs: 10 rooms have air conditioning.
Ventilation Summary: All rooms are equipped with a fan.

Utilities and Services

Elevators: 1, capacidad 8 personas