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Cerrito Tropical front..
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Hotel For Sale in Taboga Island, Panama

Hotel Opportunity, 9 Bdr, Isla Taboga 30 Minutes-Panama City

Asking Price: $688,000 USD  (Negotiable)

Panama Hotel For Sale - 30 MINUTES from Panama City Taboga Island Great Investment as Tourism Numbers on the Rise.

ALSO AVAILABLE the #1 BEACH BAR RESTAURANT on ISLA TABOGA - ASK US for more info - additional cost.

TURNKEY LODGE-HOTEL / Bed & Breakfast Hotel & Vacation Apartments
• Presently Operating, in Business for 12 years.
• Quiet Location. Natural, Family-Friendly, Tropical Weather, No Hurricanes.
• Includes 3 Full Ownership Property Lots with Potential for Expansion. Hillside-Ocean view.
• Close to Panama City on Taboga Island, Panama. Excellent bay for your own Boat Mooring.
• Opportunity to Live in the Tropics, Semi-Retired and Run your Own Business.

Business Site Location
• Tropical island just 30 minutes from Panama City
• Beside natural forest
• Ocean View on a Hillside
• In a quiet and secure corner of the village
• At end of a paved street with no traffic
• 2 additional property lots included plus a water well
• Good neighborhood, Nearby 5 tourism rental properties, one a 5 star villa hotel
• 5 min by car from port/pier
• 3 minute walk to coast and fishing boat ramp

Taboga Island is known for:
o Tourism
o Beach & Beach Activities
o Whale watching
o Dolphin watching
o Fishing
o Hiking
o Bird-watching
o Historic sites
o Local traditional annual festivities
o Local fishing traditions
o Annual fishing club competition from Panama
o Annual Stand up paddle race from Veracruz

Taboga Island offers – 30 minutes from the city:
o New pier
o Tourist boardwalk, activities, water/land & fishing tours
o Basic exercise equipment in small park
o New children’s’ play area
o A variety of local food kiosks
o Several international level restaurants
o Numerous small accommodations
o Church (2nd oldest in use in the Americas)
o Health Clinic with Doctor, Nurse, Pharmacy and Lab
o Fire station
o Elementary School
o Municipality office
o Judges office
o 1 small grocery shop
o 3 ferry services
o Police Station
o Maritime Authority presence
o 2 beaches and other swimming areas

The Property
• 3 original full ownership island property lots* included
• 2 side lots have additional access from main street if required
• Includes an additional piece purchased from Municipality with an emergency water well
• Land is rock and soil
• 3 sides completely fenced with steel posts and 8 foot hurricane/harmonica fencing
• Landscaping, surrounded by well established plants and bushes such as bougainvillea, palms, flowers, cactus, succulents, hibiscus, bird of paradise, and various other tropical plants

Permits
• Municipal Permits for Hotel and Restaurant (can sell beer wine)
• Approved by Panama Department of Tourism and government for Small Family Hotel

Legal
• Corporation with a 12 year history included, legal processing at additional fee for buyer
Future Expansion
• Architects renderings for additional apartments on original building including owners residence
• Architects renderings for future condominiums on empty lot
• Property has established fruit trees, herbs and flowers
• Roofed Rancho for events and parties, perfect if you wish to add a small pool or Jacuzzi beside

The Building
• 2 story main and back with 1 story but potential for a second or third story
• Concrete block structure
• Poured foundation
• Galvanized steel roof structure
• One apt with fiber cement roof, other area with zinc roofing
• Walls concrete block, structural cement columns and beams
• Some M2 insulated walls
• New PVC sliding doors on all apartments
• PVC windows throughout
• Rancho with poured foundation and tile, galvanized steel roof structure, hammocks & hooks
• Building has been painted annually and remodeled in 2018
• 3 balconies with sea views – one is shared social balcony with sea and garden view
• Social living area on ground floor with bar, TV and library
• Several solid wood doors
• Various locations with extra strength hammock hooks
Rooms
• 4 complete apartments with living rooms
• 6 bed dormitory room with bathroom plus Staff bedroom/bathroom
• Small kitchen for cook’s use for restaurant visitors/guests
• Total 9 bedrooms, 8.5 bathrooms and Outdoor shower
• Additional sofa beds in some areas
• Additional folding beds and 1 playpen for extra rental
• Tiled flooring, Tiled Bathrooms, Tiled Stairs
• Open office/welcome area with storage closet
• Large storage and utility building
• Laundry area
Furnishings
• Beds in rooms and apartments custom made in Panama of cast iron, one with mahogany detail.
• 2 sofa beds of cast iron recently recovered
• 2 American made sofa beds, recently recovered
• 1 American made love seat recently covered
• 3 bunk beds in dorm (6 persons)
• Pillows and numerous throw cushions
• Curtains and rods on all windows
• 2 folding foam extra beds.
• Side tables of wood/rattan.
• All rooms have ceiling fans. Standing fans also in some areas.
• Exterior fans
• All rooms (except employee room) are air-conditioned, most with split inverter units, 3 window units.
• 2 antique pine chests of drawers.
• Several antique pine side tables.
• Table and chair set on balcony of teak.
• Exterior chairs and tables of PVC.
• Kitchen with plates and cutlery for numerous guests.
• 2 grease traps
• 3 fire extinguishers
• Frig in all apartments and kitchen, one new inverter frig. New chest freezer in storage area.
• Italian stove tops in 2 apts, stove with oven in 1 apt, stove in kitchen. Toaster oven in maid kitchen.
• Microwaves in all apts. Some small frigs in B&B rooms.
• 2 sets of bedding and towels for all rooms.
• 2 simple washers, line for drying.
• Large Oak wood book library.
• Miscellaneous racks and kitchen equipment in all apartments.
• 4 cast iron bar stools.
• Chairs of rattan.
• 1 hardwood clothes wardrobe
• Various bathroom mirrors
• English soft cover book collection

Electronics/security
• Flat screen TVs in every room except dormitory with antenna (9 local channels)
• Security camera onsite, solar security lights onsite and at street
• WIFI system in place
• Police pass by frequently

Water
• 4 large water storage tanks plus water storage reservoir under the building
• Access to village water from desalination plant (including contract with water company)
• Access to additional public deep water well beside property
• Rainwater system
• All rooms and 4 kitchens have new hot water systems except for Dorm and staff room
• Water system featuring 3 water pumps with pressure tanks; one being a large commercial fiberglass pressure tank

Miscellaneous
• 2 kayaks
• 1 BBQ
• Assorted decorations for rooms, paintings, event decorations
• Gardening equipment, selection of hoses, machetes, weed eater etc.
• Coolers for events

Marketing and Sales
• 3 bilingual Websites
• Sales assistant - bilingual
• 4 Online booking sites
• 3 telephone lines
• On local maps
• In numerous printed and online travel guides including Lonely Planet (in several languages), Fodors, French guide (name?)
• Listed/frequented on several airlines crew sites including KLM, Avianca, United, Copa
• Known by word of mouth recommendation in the international schools in Panama
• Hosted various times church groups, youth groups, reunions, weddings, events
• Good local recommendations from weekenders working in the city
• Good rating online
• Agreements/contact with several city travel agents
• Lengthy client email list
• Has been presented on television both local and international on various occasions
• Pamphlets in English and Spanish

Staff
• Experienced Cook/Caretaker/Guest assistant
• Experienced Office manager/Guest relation/Housekeeper (with some English)
• Housekeeper part time
• Part time maintenance people
• Accountant
• Lawyer

Includes lots/finca #s:
• 166322
• 281648
• 281648
• 70 m2 approx additional land with well purchased from Municipality
• A total area of 834.12 m2 plus 70 m2 = 904.12 m2
Area of construction both roofed and open air
• 513.72 m2

Financial and guest data on request for serious buyers.


About This Property

Category:
Hotels
Address:
Taboga Island 000 000
Panama
For Sale By:
Owner
Construction Year:
2009
Area:
514 m2
Bedrooms:
9
Bathrooms:
9
Sleeps:
n/a
Stories:
2
Parking Spaces:
n/a



Features - Amenities

  • Ocean View
  • Mountain View
  • Balcony
  • Terrace
  • Furnished
  • Appliances
  • Pet Friendly
  • Maid's Quarters
  • Maid's Bathroom
  • Laundry Room
  • Studio Room
  • Patio
  • Internet
  • Local Tv With Flat Screens
  • Cameras
  • Airconditioning
  • Fans
  • Rainwater Collection System
  • Well
  • Desalination Plant On The Island


Pictures  (click to view a larger image)

Cerrito Tropical front..
Second floor ocean view..
Beach View..
Hammock Area..
View from Side Mini Suites..
Breakfast area..
Truly tropical..
Ground floor social area..
Sunrise over the Sea..
Office area..
Special Occasions..
Suite Apartment Master bedroom..
Nearby beach..
More beach..
Ground floor bedroom Queen..
Ground floor bedroom queen 2..
Ground floor room single..
Ground floor social area..
Mini Suite Apt queen..
Mini suite apt balcony..
Mini suite apt Sitting area..
Welcome street sign..
Breakfast..
Additional property for expansion..
Local culture..
whalewatching..
Fishing trips..
Tropical forest nearby..
Fruit trees onsite..
Taboga Island fishing village..


Contact - More Information

Cynthia
 
Phone:   +507 60005172  (Panama)
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