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ID 659 - Bed and Breakfast Escazu

(856 visitors)
Appartments:8
Living Space:1.000 m²
Trade Units:11
Land area:2,508 m²
Price: $ 895,000
Old Price: $ 1,200,000
Price per sqm:356.86 $
Return:19,164 $
rate of return:8.6 %
Object Location: Escazu
San Jose
Costa Rica

Advantages:
  • running business
  • a lot of regular customers
  • good reputation
  • tranquil location
Details
Description

Bed and Breakfast Escazu is an elegant and well known B&B Hotel in Escazu. It is superbly maintained and has an excellent reputation (for more than 10 years). It has a lot of regular customers, a great location with spectacular views of San Jose and is rated as #1 Hotel in a well known online travel portal. This delightful B&B in a Spanish colonial style is located in Escazu and is surrounded by beautiful gardens with seating areas. Guests can sit here and enjoy the beauty and serenity of the gardens, the views of the surrounding mountains, volcanoes and central valley. This is an ongoing profitable business with an excellent reputation which would probably take a decade for a new B&B owner to develop. It has 1000 square meters living space and 2508 square meters of land area. It features a very comfortable two-bedroom, two bathroom owners apartment, eight guest rooms in the main building and two separate studio apartments. The common area for guests consists of a large living room area with fireplace and great views, two dining areas and a large front terrace with awesome city views. The kitchen and laundry area is spacious. A full American breakfast is served each morning on the front terrace surrounded by tropical plants and a fountain. Guests can gather in the large common area or on the open back terrace to watch the sun go down and the city lights begin to glow. There is also a small bar to accommodate the guests, wireless internet access, and an extensive library available. Additional services offered by this Escazu B&B include: Wireless Internet Access, secure convenient parking, airport pick up, currency exchange, fax and mail service, laundry service and security safe. Escazu Bead and Breakfast does also travel and tour arrangements like Car Rentals, Touring with Private Drivers, Beach trips, Costa Ricas Fantastic Fishing, Jungle and Rainforest Tours, Wildwater Rafting, Bird Watching, Lodging Outside of San José, Wildlife and Nature Trips, The Butterfly Farm, Bird Zoo, Coffee Plantation Tours, Volcano Trips, Pacific Island Boat Tours, Theatre, Symphony and Concert Tickets.

Location / Vicinity

Bed and Braekfast Escazu is located in Escazu to the West of San José. A lot of hiking areas are available from the hotel. Excellent restaurants and shopping areas are nearby. The city and the region of Escazu are famous for its excellent infrastructure and exclusive neighborhoods. The wealthiest national and international habitants have settled in the region of Santa Ana and Escazú (for example the American ambassador). Escazu downtown can be reached within a few minutes and provides a variety of shops, doctors, one of the best hospitals called La Cima, the biggest mall of Costa Rica called Multiplaza de Escazu as well as several bilingual private schools. By car the Multiplaza de Escazu can be reached within 15 minutes.

Miscellaneous

The Bed and Breakfast Hotel is owned in the name of a corporation and the land is in the name of another corporation. This Escazu B&B is for sale for US$1.2 million cash price, owner financing is NOT available. Annual Gross Revenue is USD$230,000. Annual Net Profit is USD $105,000* over and above living expenses *Assumes Owner/Operator living on premises. 2005 occupancy – 45% 2006 occupancy – 40% 2007 occupancy – 53% 2008 occupancy – 51% Average room rates – USD$95 single/USD$105 double Eight guest rooms in main part of inn, two separate, private, efficiency apartments, and two bedroom, two bathroom living quarters, w/fireplace Fully furnished, a turn-key operation – 8 Full time, 3 part time employees There are multiple phone lines, high-speed Internet with WiFi, closed circuit security surveillance, cable TV, and an updated web site available. It includes all necessary licenses, permits and insurance.

Object Data
Appartments8
Living Space1,000 m²
Trade Units11
Trade Size0 m²
Land area2,508 m²
Floor(s) / Location:1
Alarm System:Yes
Access Control:Yes
Year of Construction:
Garage size:
Close to ocean:No
Ocean View:No
Open fireplace:Yes
Air-conditioner:No
Cable TV / Sat:Yes
DSL / Internet:Yes
Balcony:No
Terrace:Yes
Swimming pool:No
Garden:Yes
Parking:Yes
Garage:Yes
Financial Information
Price:895,000 $
ca. 710.000 \80
Financing availableNo
Rent / Income per month19,164.00 $
Costs / Expenses per month10,483.00 $
rate of return8.6 %
Available Media
Images
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