Hotel for Sale in Penonome, La Pintada, Cocle, Panama

Hotel and Restaurant for Sale in Cooler Panama Near 2 Oceans

This newly built hotel and restaurant was built as part of a large 400 acre real estate development, to cater to clients visiting the development and for clients to stay in while building their houses. This hotel has also the potential to house executives that are working at a very large gold and copper mine in the area, that are commuting farther away in Penonome every night to sleep. It is also an ideal location for tourists because of the mountains and rivers next to the property and the close proximity to both the Atlantic and Pacific Oceans. The buyers inherit a contract for horse tours with a large beach resort locally, which could be expanded to other resorts and city based tour companies.

The development is being built as an ecologically friendly, high end, nature friendly equestrian themed development. In addition to the hotel, there is approximately 2.7 Hectares (6.7 acres) of buildable land with beautiful river frontage to accomodate hotel expansion and building a home for the new hotel owners.

The hotel has 8 rooms, each with bathroom, shower and new split air conditionioning units (not window units)and queen size beds. There is also an office, a kitchen for the restaurant and a large Bohio, (thatched gazeebo) area for restaurant seating, with seating for 20 people and room for much more.

There are also natural, deep swimming areas in the river that border the property a short walk that is part of the property. Hotel guests will have access to the hiking and horse trails throughout the 400 acre development and the surrounding area.

This business would be ideal for horse lovers to run an equestrian vacation escape or other type of retreats. The property is located between two oceans and is now 40 minutes from Pacific beaches and resorts and will be 40 minutes to the Caribbean after the road is completed this year.

Hotel - 8 rooms, total area of hotel rooms is 1605 square feet
Office- 123.5 square feet with Split Air Conditioners
Kitchen- 247 square feet with refrigerator, gas range, washer and dryer,
Dining Area- 120 square feet.

The Lot if sold as part of the development would be sold at $432,000 US

8 Hotel Rooms at 60.00 US per night x 20 nights 2/3 occupancy would value hotel at $960,000 US

Restaurant Area valuation will be included for free.

Owners are selling lot and hotel and restaurant for less than the value of the Hotel at $490,000 US

The Owners are selling because they are busy managing the housing development and want some one else to focus their efforts on the hotel and restaurant portion to better serve their potential clients.

The following is more information on the area and development:

Our development is about 4 minutes from a small quiet town called La Pintada, which has a couple of restaurants, an ice cream shop, a couple of general store type grocery stores a pharmacy and such. The people are extremely freindly and as you walk around at night you can see that they are very social with their neighborhood porch parties. 10 more minutes from there, (15 from the property) is a larger town called Penonome. Penonome is much bigger with many restaurants, several large modern grocery stores, two large hotels, several pharmacies, many clothing and shoe and department stores, several banks etc...... It has all the needs of life. Both towns are growing due to the area growing. There is an airstrip at Penonome and here, the second international airport of Panama has been approved and is going to be built to accomodate the beach resorts in that area. The beach resorts are 25 min. from Penonome. Penonome has everything you need, the only thing it does not have is that big city feel with enclosed shopping malls and movie theatres. But Panama city is only an easy (no mountainous roads) 1hr 50 minutes from the development. What I like about the area is that both towns are clean and there is a lot of pride in keeping the area landscaped and clean.

The temperature at the development is, I would say 82 degrees in the day for a high and around 60 degrees at night in the dry season and probably 68 degrees at night in the rainy season. The beauty of this area is that the wind comes from the Atlantic, hits the mountains and goes vertical, gets cool and comes back down and hits the develoment and cools things off a bit. You never feel the Florida Summer type of oppressive heat at the property.


We think the advantages of our development are as follows:
1. Very safe, no crime area
2. Secluded, uncrowded development, but close to 2 nice clean towns, and less than 2 hours from Panama city.
3. Public transportation from the development all the way into Panama city or all over the country.
4. Early prices are a bargain for Panama right now.
5. Cooler climate, but not cold like the highlands (Boquette)
6. Very beautiful landscape, with 2 rivers and mountain views.
7. Extremely low cost of living. Full time live in maid 150.00 per month, gardener and driver same. Restaurants and groceries are extremely inexpensive also. You can live very comfortable on Social Security here.
8. Only 40 Minutes to Pacific Beaches and Golf Resorts and 40 minutes to Caribbean.
9. New International Airport being built in Penonome, 15 minutes away that will have direct flights.
10. Next boom area of Panama.