For Sale

Paradise Hotel in Jaco Beach, Costa Rica

18-Unit Hotel For Sale In The Heart Of Jaco Beach.

This popular beach block hotel is within 50 meters of world famous Jaco Beach. Located in the very best part of Jaco with the Monkey Bar and Beatle Bar within steps of the hotel. Restaurants and shopping are within immediate walking distance and this hotel is convenient to the new mall in Jaco and all the amenities that Jaco has to offer.

Jaco Beach is a booming resort beach town that is the closest resort to the international airport in San Jose. When the new highway is completed in 2007, the trip to the airport will be less than one hour away. This town is known for its large surfing beach and party atmosphere.

The hotel presently is a good operating business and with the available adjacent property could be expanded or another development could replace the hotel. The total area of the hotel property is 1051m2. The adjacent property (1027 m2) located behind the hotel and one property from the beach is available for expansion or redevelopment.

The hotel was recently (2007) renovated and is enjoying the fruits of this endeavor. Financing is available through Banco Nacional de Costa Rica and we can make the introductions and facilitate the process. Land appreciation in Jaco continues to soar and this is an excellent investment opportunity. There is excellent loyal staff already in place.

• 6 Large Suites
• 12 Regular Hotel Rooms
• Manager's Apartment
• 50 Meters from the Beach
• Cable TV
• Wireless Internet in Lobby and Pool Area
• Pool
• Air Conditioning
• Refrigerators
• Large Spa/Jacuzzi
• Barbecue Area and Tropical Courtyard
• Public Transportation
• Travel Agency on Premises
• Walking Distance from Great Shopping, Dining, and Entertainment
• Financing Available
• Expansion Property Available
• Laundry Facilities on Premises
• Condo/Hotel Opportunity
• Large Storage Rooms- Can Be Converted to Owners Apartment
• Great Loyal Staff in place
• All accounting systems in place
• Website and reservation program
• Good Operating Business With Excellent Appreciation
• Financials Available

There is an adjoining property to the west of the hotel property that is one property away from the beach. We have this property under contract and it is also available for sale. This property is approximately 1027 meters square and includes the alley along side of the hotel that provides access to the rear lot.

With the addition of this property, the hotel could be expanded, or condo converted with additional units. Another option for the two properties is to demolish the hotel and construct a new boutique hotel, condo hotel, commercial or residential project. With the main road exposure and within 25 meters of the beach in the rear of the property, there are many options for this property in a town that is booming with development and very little choice property remaining. One thing is for certain; the location is one of the very best in Jaco. Redevelopment and new construction is surrounding this property and the value of this property will continue to appreciate rapidly.

The existing hotels customers are about 50% Americans and 50% Costa Ricans. Jaco is a popular weekend get-away for the Costa Rica San Josefinos.

The staff presently consists of a manager who takes a shift as a front desk person, an additional front desk night person, a maintenance/security man, a full time maid and a part time additional maid when needed. All are very loyal employees who want to continue their employment.

All the systems and accounting procedures are in place and a Profit and Loss Statement is available.

For additional photos visit:
http://community.webshots.com/album/559050540fhTisR?start=0

Hotel is offered at $1,200,000. US
Adjacent Property is offered at $850,000.