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$2,700,000

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Business
For Sale
Heredia
Costa Rica

Profitable Hotel “For Sale” in Heredia

This hotel was solidly built in three phases; The front half was constructed in 1996, the
back half in 2001, and the pool and patio area, in 2010. All existing 34 smoke-free hotel
rooms are quite modern and spacious and are fully loaded, each with two large beds,
clean, cool ceramic-tiled floors, private baths (some with bidets), all with large color TV’s,
& wireless internet runs throughout the hotel. All rooms have A/C, direct dial phones
with free international and local calls, coffee makers, a small writing table and chairs, a
closet and dresser, and an in-room safe. There are three suites which have in-bath
Jacuzzis, microwaves and a small fridge. There is a sixty person bar and restaurant, and
a big two story solarium room with a large Mayan waterfall aquarium, a solar-heated
Jacuzzi beside the new pool, a computer station with four computers for people without
a laptop, and a new fully equipped gym. The location is multi-purpose. It is ideal for first
and last night stays in Costa Rica for tourists and condo owners, as well as being
conveniently located directly across the street from the New Convention Center.

There is a recently completed a 87 square meter solar-heated infinity pool and Jacuzzi,
plus patio area, all nicely opening to the bar and restaurant. This profitable hotel for sale
is an excellent destination for people with families, retirees who are touring the nearby
Rainforests, Volcanoes, etc. The total hotel lot size is 1923 square meters in a prime
location, in one of the most exclusive neighborhoods in Costa Rica called Ciudad Cariari.
The asking price is 2.7 million USD, and short term temporary financing available, with a
down payment requirement of 50%, with the balance to be paid over a maximum of three
years. Financials are available for the last 3 years and they show about $375,000,
$507,000 and $485,000 net before mortgage payments. The occupancy rate for the last
year was 80%. There are no additional fees if this property is purchased as a Non-Costa
Rican Citizen or don’t reside within Costa Rica, and in addition one could easily obtain
residency as an investor in this property.

There is currently one first mortgage for about $600,000 and the annual taxes in Costa
Rica on the property are as follows; 13% sales tax, patents (like liquor license, health
license, are about $5,000 per year, property taxes are about $3,000 per year. All licenses
are included, it is a turnkey purchase; the holding corporation and the operating
corporation is included and the operating company has the current licenses under its
name, however, they can be transferred to another corporation if the buyer wishes. All
the present furnishings are included in the price. All chattels, linens, computers, furniture
is included. The only additional cost would be for the existing inventory at the time of
closing at cost. Adventure Inn is a good, safe hotel to own, and ideal for an investment
group who are concerned with the bottom line. This profitable hotel for sale is set up to
be easy to run. The Hotel is an excellent opportunity for someone wanting to make
money immediately, as it is a fullyoperational turn-key hotel that basically runs itself, and
is often quite busy.

Unlike fire-sale beach and mountain properties, there is a reason for the hotel’s success,
as because of its location, there are very few seasonal changes, and therefore the
Adventure Inn tends to be busy year round. The near San Jose location also allows us a
larger bilingual labor pool to draw from, and convenient proximity to government and
other services and suppliers. Costa Rica’s huge food distribution clearing warehouse,
Cenada, is just across the highway from Adventure Inn and it is far easier and less
expensive to pick up restaurant supplies there, than to have them delivered. The New
Convention Center, a 7,500 to 12,000 person government owned and bank financed
facility is due to begin construction in three stages beginning in November right across
the street. This profitable hotel for sale is the closest hotel to it using the already
existing handicap accessible pedestrian bridge over the main highway.

Highlights for this amazing profitable hotel for sale:

• First Class Construction

• Ideal Location

• Currently Profitable

• Fully Equipped

• An Excellent Value

• Priced For Quick Sale

• Turn-Key Opportunity

• A Great Investment

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