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Boutique Hotel For Sale in Cerro Catedral, San Carlos De Bariloche, Argentina

Boutique Hotel For Sale

Asking Price: $3,100,000 - $3,300,000 USD  (Negotiable - Financing Available)

Hotel Investment Opportunity
Galileo Boutique Hotel (“Galileo”) ; located at the base of Cerro Catedral, the largest ski resort in South America is in the process of being converted into a “Condo Hotel” Galileo is in Cerro Catedral, Bariloche located in the Patagonian Province of Rio Negro, Argentina. In conjunction with the Condo conversion the Hotel is offering a limited number of units of varying configurations for sale to qualified buyers. Buyers may use the units on a temporary or permanent basis and those who choose to use the units on a temporary basis have the option to utilize the hotel’s central reservation system in order to rent their units when they are not using them. Owners may contribute time in their units in exchange for participation in a “vacation exchange program” that provides access to a global time sharing service across 3000 locations worldwide. This represents an opportunity to have an investment that allows the investor to enjoy luxury leisure property but to also trade the temporary use of the property in exchange for access to other luxury properties on a global basis across several continents via our time sharing arrangement with our time sharing partner Interval International .
The current plan is for the hotel to sell 2/3’s of its available units and keep 1/3 of the units while managing all units via its central reservation system. The hotel will charge Condo owners commissions to rent their properties via its central reservation system and manage their properties. If a new hotel owner in the future decides to sell all of the units, the gross sales proceeds of all rental units significantly exceeds the current sale price of the hotel. Beyond the capital gain that the new owner will enjoy from the sale of all units they will also continue to realize management income from the management of the property, mainly a percentage of the rental income and property management fees.
Galileo Boutique Hotel
Galileo Boutique Hotel is uniquely positioned as the only boutique hotel located in Cerro Catedral which is the largest ski resort in South America. ;
Features
• Boutique Condo Hotel ; situated 300 meters from the ski lifts, 15 minutes to several lakes and 20 minutes from the center of town which is full of restaurants and entertainment venues;
• Unique positioning as the “only boutique hotel” in Cerro Catedral
• Catedral Alta Patagonia largest ski resort in South America
• Luxurious units complete with wood burning fireplaces, hot tubs, heated stone floors and a full collection of domestic electronics and kitchen appliances.
• Beyond skiing in the winter a vast array of summer activities such as rafting, kayacking golf, fishing, mountain biking, canopy and rock climbing
• Financing for qualified buyers
• Ability to generate income from the condo units when not being used by the owners by putting them into our central reservation system
• Ability to trade weeks in the condo units in exchange with a time sharing company that provides access to over 3000 venues worldwide
• 6 designs to choose from (See Floor Plans)
• Completely furnished units
• Available maid service
• Room Service
• Free use of our astronomical observatory with an appointment
• Potential for future capital appreciation given the renewed interest in Argentina by international investors

Available Unit Types
Description No. of Guests No. of Rental Units Square Meters Bedrooms Baths
Studio 2 6 31.68 1 1
Junior Suite 1 4 5 48.88 1 1
Junio Suite 2 4 2 50.43 1 1
Deluxe Suite 6 2 77.17 2 2
Mountain Residence 8 2 85.22 3 2
Luxury Residence 10 2 116.37 4 3

To view model types please visit ;
Services
• Maid Service
• Property management
• Concierge Services
• Check in/Check out
• Recreational Activities
• Organization of Skiing Activities
• Laundry
• Catering
• Room Service
• Access to Galileo’s central reservation system
• Booking of massages and Spa treatments
• Direct TV connections
• Internet connections
Maintenance
• Maintenance costs for common areas are divided equally based upon the number of square meters;
• Basic utilities such as electricity and water are direct billed on a per unit basis;
Financing is Available for Qualified Buyers
• 5% when the reservation is taken;
• 25% of the purchase price upon the execution of the contract;
• The balance to be financed up to 24 months at 6% interest per annum in US dollars.
For more information please contact ;


About This Property

Category:
Hotels
Address:
Cerro Catedral
San Carlos De Bariloche
Argentina
For Sale By:
Owner
Construction Year:
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Area:
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Bedrooms:
n/a
Bathrooms:
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Sleeps:
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Stories:
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Parking Spaces:
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Contact - More Information

Arnaldo Rodriguez
 
Phones:   34637081204
17865434239
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