For Sale
$25,000,000

0 Heredia Province Costa RicaSan Rafael, CA 00000

Luxury Hotel, 42 Units, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully operational, 42-unit hotel in Heredia Province, Costa Rica. Boasting 100% occupancy, the property comprises 17 buildings on a 3.13-acre lot, totaling 136,343 square feet. Built in 1980 and renovated in 2000, the hotel features 50 beds across its 42 keys and offers 125 parking spaces. The property is offered fee simple and is suitable for a 1031 exchange. An additional 42 units are potentially developable, utilizing 42,000 square feet of air rights. Current annual revenue is substantial, with significant potential for growth through the addition of planned amenities such as a casino, restaurants, and ballrooms. The hotel's prime location and strong market position ensure a stable investment environment with high returns. Detailed financial projections are available upon request. This is a unique chance to acquire a large-scale, high-performing hotel in a thriving tourist destination.

Highlights

  • Fully operational, 42-unit hotel in Heredia Province, Costa Rica; 100% occupancy; 17 buildings on 3.13 acres (136,343 sq ft); 50 beds, 125 parking spaces; built 1980, renovated 2000; fee simple; 1031 exchange eligible; 42,000 sq ft air rights for potential expansion.
  • Strong market position in Costa Rica's luxury hospitality sector, catering to leisure and business travelers.
  • Diverse revenue streams from event spaces, restaurants, and recreational areas, minimizing seasonal fluctuations.
  • Expansion potential through adding studio accommodations to meet growing demand.
  • Prime location near attractions, universities, airports, and business centers, ensuring high visibility and accessibility.
  • Proven track record of exceptional guest satisfaction and positive reviews.

Property Details for 0 Heredia Province Costa Rica

Property type
Retail properties, Hospitality properties
Square Feet
136,343 SF
Year Built/Renovated
1980/2000
Buildings
17
Stories
1
Lot Size (sq. ft)
136,343 SF
Units
42

Location Insight

City
San Rafael
County
Marin
State
California

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0 Heredia Province Costa Rica
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