Dominican Republic Hotel For Sale

Business description

Leave winter behind forever! This Dominican Republic Hotel offers return on investment and a tropical home for less than the costs of many timeshares! Local staff run the operation while you put as much effort into administration as you want. Located in Sosua DR, this 12 room hotel is comfortably furnished and includes a bar, restaurant and pool. Room revenues average 50,000 US per year. Occupancy rates vary seasonally. Sosua has kept its charm with the highest density of shops and restaurants in the Batey section of the destination. Foreigners who originally came for a beach holiday have now established their own ex-patriot communities and businesses. There are large numbers of Germans, Austrians, Canadians and Americans who live here year round. The one kilometer long Sosua Beach continues to be the main attraction of the area. Sosua is half way between Puerto Plata (25 kilometers to the west) and Cabarete. A stop here is a must for all those traveling the North Coast. In Sosua, you are near all the attractions in Puerto Plata, Playa Dorada, Cabarete and Playa Grande (about one hour's drive away). Sosua is close enough to Puerto Plata to enjoy all its attractions. Sosua offers about 2,000 hotel rooms, guest houses, small hotels, apartment-hotels and all-inclusive resorts. Some have their own beaches. Some are located in the Charamicos or El Batey areas, others are minutes away by car to the East or West of the beach. The Hotel is located in the center of Sosua, close to local attractions. Provisional residencies for the DR can be obtained by law firms for clients in 4 to 6 months. Provisional residency is granted for a year and only at the expiration of that year can the application for permanent residency be filed. It takes approx. 2-3 months after filing for the permanent residency to be granted. Therefore, minimum time for a permanent residency = 4 months + 12 months + 2 months = 18 months.

Property information

Real Estate:

Real Property Included

Lease terms:

Real estate available for $317,000.

Other information

Support & training:

Available.

Reasons for selling:

Family Responsibilities.

Trading hours:

Flexible

Financing available:

Negotiable.