Renovated Historic Hotel for Sale in On the Plaza, Banamichi, Sonora, Mexico

Price Reduced! Beautifully Renovated Hotel on the Rio Sonora

No expense was spared in the renovation of this unique 10 unit hotel. It is located in historic Banamichi, Sonora (founded in 1646) - one of a number of small villages along the Rio Sonora (Sonora River). Banamichi is 130 miles from the Arizona border and can be reached in about 5 hours from Tucson. The Rio Sonora is increasingly a destination for travelers seeking to experience the real Mexico while enjoying proximity to the US. Many tourists coming from the U.S. go through the Rio Sonora area on their way south to other destinations.

The hotel is centrally located facing the town plaza. Opened in 2006, it consists of 8 rooms, all with private baths, and 2 suites with baths, full kitchens and sitting/dining areas. An additional two baths serve the courtyard and restaurant. The entire historic adobe structure was creatively and colorfully renovated by local craftspeople and is exquisitely furnished with antiques and local crafts. The second level includes an expansive patio and bar area, with views of the village and the river valley and surrounding mountains. The lower courtyard is covered in local flagstone and features a soothing fountain. Lush plants give the feel of a desert oasis. All systems (electrical, plumbing, HVAC) are new, and each accommodation has individually controlled AC and heat. High speed satellite internet access is available to guests.

The hotel has a full restaurant and bar (license included) as well as a lounge area and laundry. A friendly and very competent staff is in place. Business is rapidly building, with both US tourists and tour groups and Mexicans exploring this historic and beautiful area.

The owners also have two residences, one a large villa on the same block and the other a smaller house overlooking the river, either of which might be available for purchase if the new owner desired an off-site residence.

The price of the hotel has been dramatically reduced from $1,295,000 to the current price. The owners have spent years lovingly restoring this property and have invested much more than the current asking price, but now wish to retire and move on to other pursuits. Owner financing may be possible with substantial down.