Beachfront Eco Resort for Sale in Isla Bastimentos, Bocas Del Toro, Panama
3,975,000 USD

Beachfront Eco Resort for Sale in Isla Bastimentos, Bocas Del Toro, Panama

Beach Resort, Dive Center and Beachfront Villa

Asking Price: 3,975,000 USD
Offered for sale are 2 separate legal entities, a Beach Resort and a Beachfront Villa on Isla Bastimentos, Bocas del Toro in Panama. Both operations are complimentary and are offered singly or jointly as a discounted package.

The Beach Resort is a boutique eco-resort that, since 2001, offers tourist accommodations in individual beach bungalows with all the services of a resort (transfers, meals, activities, tours, diving, massages, etc.). It is 8.039 hectares (19 acres and 37,722 ft²) and has 408m (1,338.97 ft.) of beachfront.

The Resort comprises 6 bungalows with 12 bedrooms which accommodate 24-25 guests. A staff bungalow could easily convert to provide 2 additional bedrooms accommodating 4 additional guests. It has a newly rebuilt Restaurant (with Kitchen & Storerooms) of 2 floors, capacity 40-50 persons (20-25 per floor), with a bar on the lower level. Both rooms could be used for events, yoga, wedding, etc.

The Resort has a 27-meter Dock which offers a palapa and a sun deck with a total surface of 84.72 m² and the PADI certified ZAPATILLAS DIVE CENTER set in separate beach building, with 3 motorboats, diving equipment and water sports equipment.

The Villa is a public rental apartment business specializing since 2017 in short and long term stays for tourists in 3 beach lofts fully equipped for self-catering or with all the meals and services of the nearby Resort. It is 3.2958 Hectares (8 acres and 6,283 ft²) and has 101m (331 ft.) of beachfront.

The building is a beautiful 2-storey waterfront Villa made of local hardwood with two 1-bedroom Loft Apartments of 80 m² each on the first floor and a 3-bedroom Loft Apartment of 168m² on the 2nd floor. The two 1-bedroom lofts can each lodge up to 4 guests and the 3-bedroom up to 8 guests.

Both properties use solar power for energy, and rain or well water with storage tanks, pumps, and water heaters. Both have Wi-Fi, although this is currently hidden from guest use at the Resort to enhance the “return-to-nature” aspect.

Both properties have excellent reviews, and both have 8.9 out of 10 ratings. The Resort has average occupancy of 52.33% (High Season 70.43%; Low Season 34.23%), with the newer business of the Villa showing figures of High Season 44.66% and Low Season 32.20%.

Combined revenues over the last 2 years before the pandemic were around $625k per year, with Owners Discretionary Income of around $220k per annum.
The operations of both businesses are fully integrated and complementary and attract a wide range of customers. The synergy provided by both businesses allows for significant economies to each operation.

The luxurious lofts at the Villa are offered together with the more eco-ethnic Natural Bungalows at the Resort. The reception service in Bocas Town, boat transfers, shopping, hosting of the guests, food, bars, tours, and diving services are fully integrated and offer substantial economies.

There is also great synergy between the self-catering clients of the Villa and their need for an easy stay in a remote place with the services offered by the Resort. The option to eat at the Resort or to take tours or go diving is important for the success of the self-catering business of the Villa. Renters often become regulars at the restaurant. This all creates substantial additional incomes for the Resort.

THE OPPORTUNITY FOR BUYERS

These two businesses are separate but currently operate in a synchronized manner, which provides various synergies and economies. For this reason, the owners are considering selling these in a single package.

Whilst each property can be profitable individually, there are advantages of operating these together:

• Offering 2 accommodation options – fully catered in the Resort or self-catering in the Villa.

• Offering 2 vacation style options - “Robinson Crusoe” accommodation (without Wi-Fi) in the Resort or the Up-scale beachfront villa (with Wi-Fi) in the Villa.

• Self-catering guests at the Villa can utilize the restaurant, bar, dive, and tour facilities at the Resort if they wish.

• The new owners can choose which style of accommodation they might wish to expand – depending on market conditions.

• The footprint of the buildings currently constructed on each lot is very small, allowing for expansion of both types of business, creating additional revenues and profits.

• The businesses can be maintained separately under their individual legal entities if suitable or can be combined under one entity.

PRICING

The Beach Resort is offered at: $ 3,200,000

The Beachfront Villa is offered at: $ 950,000

Both properties are offered together at: $ 3,990,000

Full details, including financial data, are available upon request from interested parties.