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"20 Acres, 5 acres of BeachFront!!"
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Remax Ocean Side Realty - Dominican Republic Real Estate
Dominican Republic Real Estate by Remax |
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| Joanne A. Hammond |
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Email Joanne A. |
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Phone: |
829-648-4141 |
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Cell: |
809-261-1168 |
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Fax: |
809-244-4093 |
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Address:
Cabarete, 489 Room BeachFront Hotel For Sale, Fantastic Business Opportunity
Type: Commercial
Style: BeachFront
Size: 81,000 sq. m. "Over 20 Acres"
Lot Type: Rectangular
MLS®: CH05-LH0005
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PROPERTY IN DISTRESS! IF YOU HAVE CASH MAKE AN OFFER TODAY!
Situated on just over 20 acres of land this fully operational 489 room hotel is only 15 minutes from the Puerto Plata airport.
This is a fantastic opportunity for investors looking for a bargain deal that has the potential for substantial added value for only a minimal investment. This hotel is currently a 3 star and can be easily upgraded to a 4 or 4.5 star, additionally the 5 acres of beachfront have the potential to be used for 200 new condominums. Condo-hotels are becoming increasingly popular as end user investors recognize the benefits of full amenities in investment properties. The proximity to Cabarete and large beach area make this property the best opportunity on the market.
This hotel has just become non-operational. The seller is willing to consider some financing.
Please Note: Due to the sensitive nature of large size hotel sales the flow of information is restricted until the seller is convinced of the buyer's eligibility.
In the first instance a confidentiality agreement is required to disclose the name of the hotel. Thereafter a further NDA and non circumvention agreement may be required. Furthermore the seller will require a letter of interest on the buyer's company letterhead. The company should also provide a company profile and adequately show proof of funds. Full disclosure is only available during a site inspection.
Brokers and buyers are respectfully asked to review the procedure before contacting us for further information.
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Information is deemed to be correct but not guaranteed.
Each office is independently owned and operated
