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New Luxury Hotel In Prime Location For Sale in Santo Domingo City, Ciudad Nueva Dominican Republic Newly Constructed Hotel For Sale In Santo Domingo Asking Price: $650,000 USD (Negotiable) Newly reconstructed hotel for sale in an excellent location in Santo Domingo, Dominican Republic
1. Hotel information:
With 2.5 million inhabitants, Santo Domingo is the largest city in the Caribbean. The coastal city is just 30 km
away from the Caribbean’s beautiful beaches (approx. ½ hr car drive). Many tourists take a 1 – 3 day short break from
their main vacation residence to discover the country’s largest cultural attractions, the historic “Zona Colonial” quarter
in Santo Domingo. Listed as a UNESCO World Heritage Site since 1990, this colonial quarter offers visitors a multitude
of museums, churches, colonial forts, restaurants, cafés, discotheques, bars, shops and the cathedral.
2. Hotel position:
Hotel Puerto Malecon is centrally well situated. It is located approximately 100 meters from the port and the Malecon (seafront) and close to luxury hotels and casinos as Napolitana, Intercontinental, Melia and Renaissance. Prices for these hotels range between US $ 80 - 120 per night. The main shopping street and center of the
colonial area, called “El Conde”, is just 400 meters away.
3. Hotel advantage:
The small, luxurious rooms are perfect for a pleasant 1 – 3 day city break at the attractive price of 50 US $ (per double
room).
4. Rental income:
Rental of the hotel’s 8 double rooms, 1 single room and suite will provide sufficient profit for establishing a livelihood
in the Caribbean. The 3-bedroom suite can also be used as an apartment for the hotel owner.
Gross income projection per year (70% capacity utilization):
515 US $* x 255 days (70% capacity utilization) = 131.325 US $ yearly rental income
Remark: Additionally 4 further double-rooms can be build on the 2nd floor.
Suite 80 US $/day x 1 suite = 80 US $ Double room 50 US $/day x 8 rooms = 400 US $
Single room 35 US $/day x 1 room = 35 US $
TOTAL 515 US $/day
For comparison: The cost of living and labor costs are markedly lower in Santo Domingo compared with Europe and
the USA. The minimum income amounts fixed by the government are around 200 US $/month.
5. Selling price:
A sales price for the hotel of 500,000 € or appr. 650,000 US $ allows a good return on investment, even more
when expecting a future increase in property value.
Note: The hotel is unfurnished and can therefore be furnished out to the buyer’s taste.
6. Summary for the buyer:
Hotel Puerto Malecon offers:
a) For the customer an economically priced alternative for a 1-3 day pleasant city break in Santo Domingo compared
to the expensive luxury hotels in the neighbourhood
b) For the buyer a livelihood with a guaranteed future in the Caribbean’s largest city. The suite can also be
used as an attractive apartment, with 3 sleeping-rooms for a family, a kitchen and a balcony with ocean
view.
See internetpresentation hotel:
 | | About This Property | |
| Category: | | Hotels | | Address: | | Pina 56
Santo Domingo City
Ciudad Nueva
Dominican Republic | | For Sale By: | | Owner | | Construction Year: | | 2011 | | Area: | | 3,445 Sq. Ft | | | Bedrooms: | | 12 | | Bathrooms: | | 10 | | Sleeps: | | 20 | | Stories: | | 3 | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| - Appliances
- Maid's Quarters
- Laundry Room
| | - Studio Room
- Balcony
- Terrace
| | | | | Pictures (click to view a larger image) | |
| | Contact - More Information | |
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