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Dominican Republic Hotel With Penthouse For Sale

Dominican Republic Hotel With Penthouse For Sale for $1,060,000! Established 4 years ago, this hotel is one of the best small scaled accommodations in the area. The hotel consists of 2 free standing buildings that cover 6361 sq.ft. The real estate is valued at $855,000 & is included in the sale. Starting with 5 studio/apartments catering up to 4 people, construction was complete in 2007 to add more accommodation due to the increasing popularity of this hotel & they have been fully occupied many times since. The main building of the hotel, has a large second floor penthouse built 4 years ago & the extra apartments 2 years ago. All are good, solid constructions & the whole property is maintained well & is in perfect condition. Since all rooms have their own kitchen, the owners decided not to include a bar or restaurant, but in case a buyer would like it, there is a small lounge area near the pool which could easily be turned into a bar & on the right side of the building or on the large covered terrace of the second floor, it would be possible to make a restaurant. At the right side of the building there is also space for building a few extra rooms & the land next door is vacant for possible expansion. The Penthouse is valued at approx. $210,000. The hotel has a large tropical garden for the guests & private garden for the owner/manager. The accommodations have private terraces with hammocks to relax, pool, poolhouse, lounge area & storage valued at approximately $ 645,000. Good will for brand awareness, promotion, website, contacts, also valued at $100,000. Good marketing increased the popularity of the hotel & it has become well known especially in the watersport scene. Guests love the relaxed home away from home atmosphere. Initially visitors came from Europe, now they come from all over the world & the amount of visitors increase annually with lots of repeat visitors. Call for more information.