Successful International Airport Hotel With a Great Return in Alajuela

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Successful International Airport Hotel With a Great Return on Investment in Alajuela

If you are an investor looking for a quality income producing business asset in Costa Rica, this turnkey International Airport Hotel will provide you with an instant return on investment. The hospitality business has a proven history of profits, high occupancy rates (currently 68%), excellent TripAdvisor reviews, loyal repeat clientele, strong online marketing systems, thorough accounting methods, and an experienced management team that will not require training.

The business also has well over six figures in advanced bookings (backed by credit cards) going into the high season! This provides a strong start for any prospective buyer. From the furnishings to the staff, this is truly a turnkey business that will provide you an instant return on investment (15% projected) and excellent growth potential in the future!

In the cool lush gardens of La Garita, Alajuela province, this hotel is located only 15 minutes from Juan Santamaria International Airport (SJO) in San Jose, Costa Rica. It is a favorite destination for travelers (especially Europeans) looking for a unique setting that is different from the standard chain hotels that are found everywhere else in the world. Airport shuttles are prearranged for guests, taking them to and from the city and into a private oasis setting. The grounds are beautifully landscaped and concrete walking paths lead from the rental villas to a centrally located resort style pool on the 1-acre property.

The infrastructure on the property includes 19 rental units, a reception room, a restaurant with commercial kitchen, spa area, office space, laundry room, city water & electric services, private well, water storage tanks, pool pump room, private 10 space parking lot, plants nursery, gardening storage, concrete walking paths, and covered patio areas. In total the property boasts 11,732 sq.ft. (1,092 sq.mt.) of "under roof" construction with an additional 2,211 sq.ft. (674 sq.mt.) of construction on outdoor facilities.

Five of the units (40% of floor space) are under 3 years old and the older units have all undergone extensive renovation with upgraded bathrooms, painting, and expansion. One of the rental units fulfills the requirement for a "Handicapped Cabin" and another structure can easily be utilized as a family owner's home for a buyer who wishes to live on the property and run the business.

Hospitality Business with Solid Revenue and Excellent Growth Potentail

Many commercial businesses are put up for sale because times are getting tough and ends can't be met therefore causing the business and the property to suffer until a new owner can come along and save the day. This is NOT the case with this thriving and vibrant hotel. Not only is this business fundamentally sound, the growth potential here is incredible. With more flights coming to Costa Rica than every, Juan Santamaria International Airport is currently undergoing a $100 million dollar expansion.

The project includes an extended runway to accommodate larger planes, new taxiways, additional boarding gates, and other major improvements. Business travel is on the rise as well with the opening of Costa Rica's newest convention center with 4,000 meters of exhibition space. Travel and tourism is definitely on the rise and this hotel is uniquely positioned to capitalize on the growth.

While most guests use the hotel as a stopover coming to and from the International Hotel, there are a variety of local tours of interest located relatively close to the property. A wildlife reserve is located a minute from the hotel, the Poas Volcano Tour, and a variety of coffee tours including the Starbuck's Coffee Farm in Costa Rica.

There simply is not enough space on this page to explain all of the benefits of purchasing this profitable hotel and restaurant. For qualified buyers who have signed a Non-Disclosure agreement, a CRRES investment advisor will provide you with financial reports, P&L statements, and details of possible Seller Financing options.