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489 Room Hotel - Price Reduced - Don't Wait - Great Deal!!

Situated on just over 20 acres of land this 489 room resort is only 15 minutes from the Puerto Plata airport.

This is a fantastic opportunity for investors looking for a bargain deal that has the potential for substantial added value for only a minimal investment. This hotel is currently a 3 star and can be easily upgraded to a 4 or 4.5 star. Additionally, the 5 acres of beachfront has the potential to be used for 200 new condominums. Condo-hotels are becoming increasingly popular as end user, investors recognize the benefits of full amenities in investment properties. The proximity to Cabarete and large beach area make this property the best opportunity on the market.

This hotel closed in May 2008 and was fully operational until that time. The seller is willing to consider some financing.

Please Note: Due to the sensitive nature of large size hotel sales the flow of information is restricted until the seller is convinced of the buyer's eligibility.

In the first instance a confidentiality agreement is required to disclose the name of the hotel. All letters of interest should be provided on the buyer's company letterhead. The company should also provide a company profile and adequately show proof of funds. Full disclosure is only available during a site inspection.

Brokers and buyers are respectfully asked to review the procedure before contacting us for further information.

About This Property

Category: Hotels Address: Cabarete Puerto Plata Dominican Republic For Sale By: Agent Construction Year: n/a Needs Renovating: Yes Area: 81,000 m2

Bedrooms: n/a Bathrooms: n/a Sleeps: n/a Stories: n/a Parking Spaces: n/a

Features - Amenities

Furnished Appliances Pool Tennis Court

Balcony Ocean Waterfront 489 Rooms Full Independent Electrical Generator System

Water Filtration System 3 Swimming Pools 2 Clay Tennis Courts 4 Restaurants

Pictures  (click to view a larger image)

Contact - More Information

Joanne Hammond - RE/MAX Ocean Side Realty   Phones:   809-657-4141 809-261-1168 Your Name: Your Email: (will not be stored, we will never send you unwanted emails) Your Phone: Your Comments:

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