Very Profitable Garden Hotel 10 Percent Return Yearly For Sale

Business description

Hotel La Rosa de America is a proven income producer and provides an excellent rate of return during fluctuating economic times. It posted its best year ever DURING the global recession and is poised to exceed all previous seasons this 2011 year!

This gorgeous 14-room hotel is positioned on a large titled property in the upscale neighborhood of La Garita, 10 minutes from the International Airport. It is perfectly situated in the ideal climate of the Central Valley of Costa Rica, and its proximity to major roads and tourist attractions make this hotel a popular one. It is in a quiet, safe neighbourhood, with easy access to banks, restaurants and other services.

In three short years, during the worst Global Economic Recession since 1929, the current owners have more than doubled the business earnings, doubled the occupancy of the hotel and now enjoy a high return on investment. There is significant space to increase the occupancy rate of the hotel, and a major plus for this property is there is room for expansion projects. Costa Rica is the safest country in Central America and has a long history of stable government and rule of law.

The hotel has undergone numerous upgrades and improvements both above and below ground. The hard work has been done! The hotel has new infrastructure upgrades (electrical, septic, room upgrades - to name just a few), new landscaping, detailed marketing campaigns, website, and the business is highly organized and efficient. As a result, La Rosa has many repeat and referral guests each year.

All financial documents are maintained in excellent order and this turn-key business comes complete with two registered Costa Rican Corporations, thus eliminating the need to pay the transfer tax. If necessary, the existing owners are prepared to conduct a complete training handover to any new Owner.

One of the jewels of this hotel is the beautifully landscaped grounds and pool area. You will not find a more lovely business property in all the Central Valley.

Price (US$): $1,325,000
Square Footage: 6,000 finished area.
Bedrooms: 14
Full Baths: 14 + 2 half baths
Lot Size or Farm Acreage: 1 acre (approximately 3,900 square metres)

Internet Connection: ADSL – 2 Meg and more plus “N” caliber router WIFI

Water: Two AYA City Water meters and one on site well.
Neighborhood: Barrio San Jose
Property City: Alajuela
Geographic Area: Central Valley –GMA


Asking price is based on an ROI of 10% averaged over the last three years of net profit. Two empty lots of similar size next to this hotel are selling for more than the asking price for the entire hotel.

Specifications listed below...
Construction:

* Rooms 8 & 9: 50 square meters total, 10 of which are verandah.
* Rooms 5, 6, & 7: 75 square meters total, 15 of which are verandah.
* Rooms 3 & 4: 50 square meters, 10 of which are verandah.
* Rooms 11, 12, Reception, Dining Room, .
* Rooms 1 & 2: 50 square meters total, 10 of which are verandah.
* Room 10, Family suites 1 & 2: 148 square meters total, 16 of which are

verandah.

* Kitchen, Laundry Room: 144 square

meters total, 20 of which are verandah
Total building construction: 517 square meters total, 81 of which are verandah.

Other:

* Pool: 5 meters wide by 11 meters long = 55 square meters total.
* Pool deck: 96 square meters total.
* Pump house for pool: 1 square meter with a Jacuzzi Laser Sand Filter system

and pump.

* Parking lot: 175 square meters total.
* Walkways: Approx 200 meters (linear measurement)
* Private street adjacent to gated community

* private baths with heated water showers
* cable TV
* walk-in closets (or very large wardrobes)
* ceiling fans (quite sufficient at 3000 feet)
* gorgeous hardwood furniture much of it solid Guanacaste handmade specifically for the hotel.
* orthopedic mattresses
* safety deposit boxes
* outside sitting areas (verandahs)
* desks and luggage racks
* wall decorations

* six upgraded rooms have high quality artwork owned by the hotel
* exterior frescos, sculptures, and artwork
* total inventory of sheets, bedspreads, and towels provided!

Full hotel kitchen which includes:

* Stainless steel counter tops
* Three refrigerators
* Microwave
* Coffee makers, toasters, other small appliances
* Stove, cook burners, and oven (all gas)
* Full inventory of dinnerware and silverware included!

* Built-in propane gas system (complete with barbeque grill)
* Dining room to accommodate 25 guests
* Stereo system
* Adjacent men’s and women’s bathrooms
* Large Storage bodega with welded steel storage racks

* Small Garden Bodega
* Soda/pop machine with Coke contract
* Reception and recreation room
* TV’s, Computers, WIFI, LAN, Reservation system made specifically for hotel
* Library
* Laundry room including 22 lb washer and electric dryer

* Two Suites if necessary can be easily converted to an Owner’s cottage. If this is done (has been done in the past) then the Owner’s cottage would have two bedrooms, two baths,kitchen/dining room, storage area, living room and large, private screened in verandah (Florida room).

* Private, secure parking with electric entry gate with bell and intercom, operable from reception, owner’s residence,or via remote controls.

* Swimming Pool (~5 x 12 meters) has underwater lights, Lighted Deck Chairs and lounges, Jacuzzi pump and laser sand filtration system and Large shade screen. Replenishment via well on property.

* Municipal water (AYA) with in ground 4200 liter fresh water tank (reserve).

* Refurbished and well maintained Septic Systems throughout

* Gorgeous garden with dozens of varieties of flowers and numerous shrubs, specimen trees and fruit trees such as:

Mangas Mangos
Mandarina (tangerine)
Orange
Banana
Plantain
Coconut
Lemon

The quality of the secured and private garden is a major part of hotel marketing. The hotel is in a quiet and safe neighbourhood and the property is surrounded on three sides by thick privacy and security hedges. The fourth side faces an exclusive residential neighbourhood and is 50% walled and 50% hedged.

* In ground sprinkling system via well on property. Completely new with approximately 33 sprinkler heads of short range umbrella type and 7 long range, high volume type. The sprinklers are arranged in four separate lines that can be run together or independent of each other.

* Two telephone lines
* FAX
* Telephones and answering machines
* Website and registered domain name

All physical and intellectual property included (registered logos, original art, etc.)

* Purchase consists of two corporations. *No deed (property) transfer tax.

Property information

Real Estate:

Real Property Included

Living accommodation:

Family suites #1 and #2 can easily be converted into living accomodation, as they have been used in that way in the recent past. Please see the layout diagram included for clarification.

Location:

This gorgeous 14-room hotel is positioned on a large titled property in the upscale neighborhood of La Garita, 10 minutes from the International Airport. It is perfectly situated in the ideal climate of the Central Valley of Costa Rica, and its proximity to major roads and tourist attractions make this hotel a popular one. It is in a quiet, safe neighbourhood, with easy access to banks, restaurants and other services.

Premises details:

The hotel is situated on gorgeous landscaped grounds with numerous birds, flowers, and trees. To the rear of the hotel is a quiet horse farm, next door is a quiet small gated community, and in front is a lot with mango trees. The hotel is set a short way back from the main road for more privacy and peace.

Business Operation

Expansion potential:

There is excellent expansion potential on the property. More rooms could easily be built without compromising the beauty of the gardens. The guest numbers can support expansion - guests are turned away during some days due to no vacancy There is also an empty lot next door that could be purchased for even more expansion.

Competition / Market:

This hotel is unique to the area and provides an excellent alternative to the five-star hotel one kilometer down the road.

Reasons for selling:

Family Obligations. It is doing extremely well and has been a pleasure to own.

Trading hours:

24/7

Employees:

10

Years established:

15

Other information

Support & training:

The Owner is willing to provide training and support to make the transition as smooth as possible.

Owner financing:

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

Financing available:

This is a possibility and will need to be discussed with the buyer.

Website:

Please click here to view the link

Related documents:

• 
• Property Details

• 
• Hotel Improvements

• 
• Layout Diagram

Home based:

This business can be run from home.