Boutique Hotel en San Jose Center for Sale

Sales price: $ 1,100,000
Property Size (M2): 1,400
Sales price per sq meter: $ 786

Listing Type: Hotels For Sale, Development Land
CRC Professional: John Hepner
Listing No: 401010

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Commercial Property Summary

Listing Overview: Here is a functioning boutique hotel in the Los Yoses neighborhood of San Jose. It has 18 rooms, a street front restaurant/conference room, a small garden area with pool and a connected bar off to one side. The Hotel has been in operation for 12 years and has several strategic relationships with schools and universities both in Costa Rica as well as the US. It also is in a trust for $550,000 at 7.25%. Monthly payment is $6500. The owner is choosing to sell for health reasons.
Municipality: San Jose
Land Area (M2): 842
Property Size (M2): 1,400
Construction Area (M2): 1,400
# of Parking Spaces: 9
# of Hotel Rooms: 18

Hotel Listing Summary Information

Hotel Description: As this hotel has a 12 year track record, it continues to generate a profitable business. Well developed realtionships continue to provide the majority of the group reservations that this hotel receives. The total payroll consists of 3 receptionists, 1 maid, 1 cook and 1 maintenance person.

Hotel Type

Boutique

Conference Rooms: 1 capacity 45 people
Growth/Expansion Potential: In a continued effort towards reinvestment in San Jose, the municipality has recently changed the Uso de suelo in many areas, including where this hotel is located. The land on which this hotel is located, is now zoned for mixed usage and has a height limitation of 15 stories. This lot would be ideal for a mixed use residential/commercial tower.
Total Number of Rooms: 18
Total Guest Capacity: 56
Avg. Price Per Room: $65
Room Amenities: Each room offers wireless internet, cable tv, telephone, hot water and hair dryer. Four of the rooms have a refrigerator, microwave, coffee maker and overhead fan.
Occupancy Rate (Trailing 12 Months): 80% FY 2009
Bar Description: A large bar with walk through access is currently going through a remodelation. Its estimated "standing" capacity during live music is 500 people. When seated at tables, capacity is around 250. The current liquor license is rented for $500/month.
Restaurant Description: The attached, street front restaurant specializes in Brazilian cuisine. It is open Monday - Friday from 7.00 am - 3.00 pm and after that by reservation.
Pool(s): yes, portable

Site Detail

Location Summary: This hotel has an excellent location on the "Golden Mile" of Los Yoses, 300 meters from Mall San Pedro.
Bus/Train Access: Bus and train lines are within 100 meters
Highway(s) Access: The Circunvalacion is 300 meters away
Meters of Road Frontage: 21.73

Commercial Land Details

Potential Uses:

Parking

Parking Summary: Secure parking behind and next to the hotel will fit 4-5 cars. Private parking in front of the hotel will accomodate 4 cars. Additionaly street front parking is also available at night.