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Property For Sale Or Rent: Luxury 90 Bedroom Hotel Above A Golf Course And Marina Beach

Dominican Republic

Puerto Plata
Puerto Plata
Dominican Republic

Property for sale: $4,700,000 USD (Financing Available)

Hotel For Sale in Puerto Plata, Puerto Plata Dominican Republic

On top of a tropical mountain slope, overlooking the largest marina on the Dominican Republics northcast is the 90 rooms comlex located.

Well known for the private atmosphere, incredible views and comfort available at each of its one or two bedroom apartments, the location and view make this apartment/hotel the perfect setting for a family vacation.

On top of a tropical mountain slope, overlooking the largest marina on the Dominican Republics northcast is the 90 rooms comlex located.

Well known for the private atmosphere, incredible views and comfort available at each of its one or two bedroom apartments, the location and view make this apartment/hotel the perfect setting for a family vacation.

The property was built in the year 2000 with the inspiration that building a hotel in such an advantageous geographic position would be an absolute success.

The economic benefits were immediate and much more than expected. It attracted the attention of numerous serious individual buyers and hotel chain companies as RIU, LTI but all offers have been refused at that time.

To date the owner is operating several distinct businesses and the he does not have the place or time for the demanding hotel/restaurant business and he firmly believes that it is time to retire.

â€¢ Since the opening, its principal attraction has been the breathtaking view of the Atlantic Ocean, mountains, green vegetation, beautiful sunsets, and its just a 5 minute walk away from the beach by a road that is only accessible from the hotel.

â€¢ The hotel has 65 apartments most of them are 2 and 3 rooms wide, 10 of them with stairs access to the2 level suites with Jacuzzi, kitchen and 2 rooms with individual bathroom. A/C, hot water, cable etc.

â€¢ The property has 13,000 square meters. 3,000 square meters of green area and 8,000 square meters of available terrain for expanding purposes.

â€¢ It also includes 3 swimming pools, gym area, tennis/volleyball court, recreational green area, ample parking lot, and 100% noise free, its an ideal get away spot for relaxation and letting go of stress.

The Caribbean has always been a tourist destination of preference for travelers from abroad. The Dominican Republic positioned in a privileged spot on the map has now more than ever attracted the attention of many investors, along with many mega projects.

Currently the increase of marinas for cruise ships and private yachts added to the numbers of new hotels built in the north coast of the Dominican Republic. Considering the low cost of employment, labor, materials etc makes this an ideal place to run a business.

The Hotel is just 5 minutes away from a new golf course being built just beneath the building, 3 minutes away from Ocean World Marina & Marine Park, and fast easy access to the beach.

The area is expected to increase its value at the end of the year 2006 with the termination of the marina and golf course. The hotel is negotiable under buying or renting conditions and open to offers.

Unbelievable price discount opportunity now the only hotel of that magnitude and geographic advantage for sale for only us$3.8 million dollars.

Two-Bedroom Units

Apartments with kitchenette, dining and living area with sofa bed. Two individual bedrooms, 2 bath rooms, air conditioning. One bedroom with one king size bed.
Second bedroom has two-twin size beds. Minimum occupancy 4 persons.

â€¢ Single occupancy suites
â€¢ Double occupancy suites
â€¢ Two level apartments have a five person occupancy
â€¢ Laundry room
â€¢ 30 minutes away from the airport.
â€¢ 5 minutes away from the beach (walking distance)
â€¢ 2 minutes away from Cofresi (hotel complex)
â€¢ 5 minutes away from Puerto Plata city.
â€¢ Each apartment is different in a beautiful and unique way.

One-Bedroom Units
Apartments with living room and sofa bed, kitchenette, and dining area. One private bedroom with air conditioning, one king or two twin-size beds. Maximum occupancy is 3 persons.

The Restaurant
For four years was a successful and well known profitable business. Itâ€™s a 2 level restaurant located at the second and third floor of the 11 story high building situated on top of the mountain on the famous Altos de Cofresi (Cofresi Hills). The first level is an open area for casual dining and closer contact with the outdoors and the beauty surround it. The second level is characterized as more formal dining with a/c.

Property Summary

Offered by		Agent
Construction Year		2000
Area		4,000 m2
Bedrooms		90
Stories		7
Parking Spaces		50
Features		Furnished, Appliances, Pet Friendly, Maid's Quarters, Maid's Bathroom, Laundry Room, Studio Room, Pool, Tennis Court, Gym/Spa, Balcony, Terrace, Patio, Cable TV, Ocean View, Mountain View, Ocean Waterfront,