Hotel in the center of Cabarete Cabarete ( Puerto Plata, DO - 57604) Built

$635,000

Sosua-cabarete-Realestate

Teresia Hägglund de Rosario Teresia Hägglund de Rosario 18297141947 (Office) 18297141947 (Cell) Request More Info

  • Type: Commercial
  • Style: Single Story
  • Bedrooms: 18
  • Bathrooms: 18
  • Size: 1,168 sq. m.
  • Development Level: Built
  • Lot Size: 781 sq. m.
  • MLS #: CB200230

Description

With its three-bedroom owner's apartment overlooking the famous Cabarete Bay, this hotel is ideal for someone who can appreciate the lifestyle offered by Cabarete, with its incredibly diverse international community, year-round appeal for windsurfers and kite surfers, and varied night life offerings from over 100 restaurants and night clubs. And you get a popular and profitable hotel to boot with a 24-seat restaurant and bar. By current Cabarete standards, this is a budget hotel that has been operating for 20 years in the central part of Cabarete with its own beach access. It can be upgraded to a higher standard with a lot of love and a little cash. Most development in recent years has been oriented to the high-end traveler, it has little competition in its market segment. The hotel is being sold with all furnishings. Besides the owners' apartment, the hotel has 14 rental units, including one large two-bedroom apartment. The staff has years of experience, and the current owner with 15 years’ experience operating the hotel is prepared to advise the new owner to ensure a seamless transition. The hotel has earned the TripAdvisor certificate of excellence and won the TripAdvisor Traveler's Choice award for best budget hotel in the area. The hotel enjoys a high percentage of repeat guests, both Dominican and international.

Attachments

Brokered and Advertised by : Go Dominican Life - Real Estate Solutions
P2#472916967
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Information is deemed to be correct but not guaranteed.