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Award Winning B&B Boutique Hotel In Boquete Panama For Sale

Boquete, Panama
Asking Price:
$1,899,000 (USD)
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
$100K - $250K (USD)

Busy, financially very successful 12 room B & B/ Boutique Hotel for sale. TripAdvisor® Travelers' Choice® 2014 Winner: # 1 in all Panama, # 3 in all Central America and always in the top ten each year. Awarded the most 5-star reviews of any other hotel in Panama (including large, major franchises in Panama City). Also featured in The New York Times “Irresistible”. Featured in all major Panama travel guides—online and in print.

Live and work in beautiful Boquete, Panama where the weather is spring-like year round and the cost of living is low (income earned here goes 2x further than Europe or North America). Turnkey operation with fully trained, long-term staff who are capable of operating the hotel independently, giving a balanced lifestyle rarely found in the hotel business.

Boquete is a top retirement/eco destination, featured in major publications and television shows.
Boquete is poised to become Central America's # 1 eco-tourism destination: Extensive airport upgrades to Enrique Malek International Airport (David) have recently been completed with frequent daily flights. As one of the most successful B&B Boutique hotels, this will only increase our growth and success.

Panama is on an upward swing: this year it bucked international trends, with GDP growth rates of +5% and rising.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

The small apartment above reception area could be converted, if required.

Location:

The hotel is located on a prestigious street, under a 3-minute drive to the centre of town and close to all local attractions, restaurants and businesses that cater to tourists.

Premises Details:

The Hotel offers a unique concept with an abundance of charm and character: Guests are greeted by beautiful flowers, plants, over 90 species of birds and winding pathway to buildings. With one of the most beautiful gardens in Panama, the grounds are approximately 2,500+ square meters, providing guests with a warm, intimate setting while also offering privacy.

Six cabañas house 12 rooms and are concrete construction with metal roofs. The rooms, which are approximately 35-45 square meters, are equipped with kitchenettes or full kitchen, private bathrooms, new furnishings, bed and mattresses and more. Reception, kitchen, dining area and manager's apartment/storage area, laundry facilities are located in a sixth cabana, there is also a building which is home to a bar and more…

Business Operation

Expansion Potential:

The hotel routinely turns away up to 100+ bookings during busy season. There is room to build an additional two cabanas (4 rooms) comfortably on the property. A small spa could be incorporated into the office space above reception. There is also a piece of property across the street from the hotel, with potential to build 12-15 units TBD. NOT INCLUDED IN PRICE.

Competition / Market:

There are a number of Hotels/B&Bs in Boquete, however we are at the top of the game—not only in Boquete, but all of Panama. We are one of the busiest hotels in the entire province of Chiriqui, due to our unique concept and great value.

Reasons for selling:

Due to family obligations

***SERIOUS ENQUIRIES ONLY PLEASE***

Years established:
15 years +

Other Information

Support & training:

Staff: The current staff are experienced, have received extensive training and intend to stay with the hotel.

Sale: Current owners will continue to be Boquete-based and will spend the time required to help new owners to fully understand the business. Exact timing to be discussed.

Partnering: Ongoing support and training are a given—current owners will be there every step of the way to get new owners up to speed.

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

Owner financing upon minimum deposit of 2/3 down may be available TBD

Contact Information

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