Property: Boutique Hotel for sale at Jaco - Central Pacific, Costa Rica

A SUCCESSFUL 9 room boutique hotel with various sized units (most rooms with kitchens) in the town of Playa Jaco, Costa Rica with Owner’s living quarters (or 10th Unit ), breakfast area complete with kitchen (potential restaurant),  laundry and office. Situated on the top of a hill overlooking the Pacific Ocean, the town of Jaco, and surrounding mountains, the quiet, well maintained hotel with incredible 3600 views was constructed from 2002 – 2004 and is only 5 minutes from the beach or downtown Jaco. There is room for expansion.

Winner of Travelers’ Choice Award on Trip Advisor for 2010, 2011, 2012, 2013, 2014, 2015 for both Costa Rica and Central America. Rated Highly on Trip Advisor and in the Lonely Planet Travel Guide as well as with online booking sites (Expedia and Booking.com).

Our hotel is a profitable ongoing concern. The property and buildings are well built and maintained with a history of repeat guests. To protect the business for the current and future owners, we ask that any detailed financial information provided for this listing only be shared with potential buyers after a serious expression of interest.

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LAND AREA                                      6,482.84 m2          (1.6 Acres)    -      Space to Expand (see lot plan)

________________________________________Concrete CONSTRUCTION of all buildings on the Property

All buildings and covered areas (does not include balconies or terraces) 568 m2+ OR 6115 ft2+

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PARKING AREAS

2 separate car parks that will accommodate up to 10 cars

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SWIMMING POOL 

Kidney shaped Swimmming Pool (approximately 9.5 m X 5.2 m, concrete construction with turquoise recycled glass tiles)

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GARDENS & BBQ Area

The AparHotel has luscious Tropical Gardens in the pool courtyard and surrounding the property. There are a variety of fruit and palm trees, bamboo as well as an eclectic selection of other exotic plants. There is a BBQ area for the guests.

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UTILITIES

Water (Hot Water on demand throughout the property) Municipal Water – Institutio Costarricense de Acueductos y Alacantarillados

System has 2 pumps (New) and 9 m2 holding tank & 750 litre tank

Electricity (7 electrical meters) Instituto Costarricense de Electricidad

Cable TV with HBO serving all units Cable Tica 

Telephone (2 Land Lines: Telephone and Fax) ICE

Cell Phone (Excellent Reception) ICE

Internet: WiFi from cable connection Cable Tica

Air Conditioning – in 4 of the units

Speaker System wired for kitchen and pool areas

Door Bells, one for the front gate, two for rancho/office area

Security Cameras installed on property

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MARKETING

Web presence – Strong presence on Google – Listed with two Costa Rican web agencies

Travel Guides – Reviews in many travel guides with excellent comments. “Lonely Planet” brings in many Europeans.

Word of mouth – Many repeat guests, both foreign and local.

Trip Advisor - High Rating attracts a lot of visitors, the Travelers’ Choice Awards help as well.

Map - Jaco Map has an illustration of our hotel and is widely distributed locally and throughout Costa Rica

Travel Agents – Listed with Expedia & Booking.com. We have a 15% Discount Card with a French company.

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________________________________________MOUNTAIN & OCEAN VIEWS - Priceless

Space for expansion on the property for additional units or a house.

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LEGAL

Titled property held in a Costa Rican Corporation (S.A.) which is NOT included in the sale price. although the hotel name, web site and e-mail address come with the property. All hotel furnishings and appliances, other than personal items are included in the Purchase.

Business licences, health permits, registered with ICT (Costa Rican Tourist Board), Hacienda (sales tax) and Employee Medical & Pension Plan (CCSS). All taxes, permits and registrations are approved and paid to date. No Liens or Mortgages.

EMPLOYEES

We have well-trained, loyal and honest staff which include 3 housekeepers, a part time gardener and an “as required” handy man.

Pool maintenance and Garbage removal are contracted. 

We also have good contacts for electrical, plumbing, a/c and appliance repair.

OCCUPANCY

90%+ during high season December – April

May / June and September/October are the slowest months

DEMOGRAPHICS - Visitors

November to May – Canadians, Americans, Costa Ricans and Mixed Nationalities

April to August – Americans, Costa Ricans and Mixed Nationalities

September to November – Europeans, Americans, Canadians, Costa Ricans and Mixed Nationalities

Most European visitors are Dutch, German, French, Italian, Swiss, Austrian or from the UK.

Our guests are a mixture of families, couples and singles including a number of woman who find our property secure and safer than the hotels in town.

Catastro (Property Survey) pictured above

REASON FOR SELLING

As owners / managers / builders of the hotel (originally from Canada), we are getting older and would like to spend more time travelling. For the past four years our daughter and her husband have been managing the hotel.

There is a 16 page Hotel Operating Manual for assistance in running the hotel.

Should a new owner wish we could offer assistance during the transition to new management.

BUSINESS – Financials:

Turnkey Business with a Profit – P&L, ADR, Occupancy and Sales will be provided to serious would-be buyers.