For sale: Top 25 Hotel in Paradise

Property ID 346
listing type For sale
property type Hotel
Country Mexico
city Playa Del Carmen
price US$
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4
year built 1995
bedroom 16-20
bathroom 16-20
lot size 300 m²
restaurant Yes
pax restaurant +100


property description

Located in Playa del Carmen ,Mx, which is now a Top 20 tourist destination in the world by TripAdvisor, our Charming Old World hotel that has 18 guest rooms some with views and less than a 1 minute walk to the Caribbean Sea.

Established business for approx. 13 + years , we have been a top 25 Hotel out of 200 Hotels with many repeat guests.

The Lot size approx. 345 m2
Building size approx. 800 m2
There is a 280 m2 beautiful roof top with bar and an 85m2 wood terrace with a 70m2 Palapa (grass roof pergola) all with spectacular views of the Caribbean Sea.

Our Hotel has won Tripadvisors Certificate of excellence 2011, 2012, 2013, 2014, 2015 & 2016

In addition we have won the Tripadvisor Hall of Fame Award

Our award winning restaurant is a top 30 restaurant out of 994 restaurants and one of the busiest restaurants in Playa del Carmen.

The restaurant has 90 seats.

Approx. 25-30% local business & many returned guests, and many guests who are on vacation dine with us several times while here.

Kitchen has many new quality major appliances.

Street side tables have view of Caribbean Sea.

Our restaurant has won Tripadvisors Certificate of Excellence Award in 2011,2012, 2013, 2014, 2015 & 2016

As well it has won the Tripadvisor Hall of Fame Award.

We are the most talked about restaurant in Tripadvisor forums.

Hotel runs conservatively at 46% occupancy rate with an ADR of approx. $105 a night with approx. 322k in sales and has room to grow.

80-90% of sales are USD

Restaurant financials will be discussed in private.

POTENTIAL GROWTH FOR HOTEL

Hotel running @ 75% with no rate increase would produce 517k per year (additional 195K)

Bring up ADR $10 would increase sales by 50k bringing potential to 567K (additional 245K)

It is also possible to go up another 2 levels & add 16 more rooms, but I feel it is better to run the restaurant for a few years then go up.

POTENTIAL GROWTH FOR RESTAURANT

Restaurant sells Breakfast , Lunch and Dinner so there is lots of room to capitalize on breakfast and lunch as well a dinner.

We are planning to expand to roof top where approx. 98 - 138 seats will be added, which can easily double restaurant sales most likely more for I would charge more for roof top menu.


Asking price USD 4,500,000 for the property & 2 businesses Hotel & Restaurant

Both businesses are established 13 years and are staples of Playa del Carmen, a lot of Sweat and Love went into both and we hope to pass on it on to some one who will love this place as we have.


Hotel features

♦  Garden
♦  Internet in the rooms
♦  Bar
♦  Outdoor dining area
♦  Safe deposit box
♦  Air conditioning
♦  Reception
♦  Extra security monitor cameras
♦  Ocean view
♦  Water view
♦  Security features
♦  Private accommodation

extra information

Top 20 tourist destination in the world.
Top 25 Hotel in Playa Del Carmen
Top 30 restaurant with great cash flow
Many new equipment urpgrades

Seller information

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Type Seller
Office
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NA

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