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Hotel Business In Beach Town Samara Costa Rica For Sale

Playa Samara, Guanacaste, Costa Rica
Asking Price:
$450,000 (USD) Furniture / Fixtures included
Sales Revenue:
$230,000 (USD)
Cash Flow:
$50K - $100K (USD)

This unique country is the longest standing democracy in all Central and South America. It has nationalized medicine, high literacy and is one of only two declared pacificist countries in the world. Costa Rica has no military! The country is divided into 21 different temperature zones, with climates ranging from clouded rain forest to alpine tundra. Many species of animals, birds and tundra can be found here. Tourism, eco-tourism, coffee, and fruit exports are some of the country’s main sources of income. To own a business in this country that makes a good living, is a blessing! Your investment gives you access to residency, while maintaining your current citizenship. This gives access to the nationalized medicine system, as well as preferential treatment in other areas.

The BLUE IGUANA is a 40-room hostel-hotel that provides a range of accommodations while maintaining a very interactive social experience. **this is a business-only sale. the property is a (very favorable long term lease.**The property is the biggest in Samara, featuring 4 to 6 person shared rooms; (very popular with the year-around travelers) economy and standard rooms for two; rooms for 3, 4 and 5 with and without air conditioning, and a 3 bedroom – 2 bath condo which is either rent-able, or serves as owner’s quarters. What makes the BLUE IGUANA special are the amenities. First is proximity to the beach – a one-minute walk! Proximity to town is equally important – we are right in the middle of town. No need for a car once you are here. The other features include a restaurant , (partner business) swimming pool, (the only shared room hotel with a pool in town) popular bar, hotel store, tour center, (selling tours is a valuable source of income) massage room, community kitchen, ‘Snack Shack” (for pool-side food and beverage)

The business has many income streams. First are the rooms. There are 40 rooms that feature 30 queen-size beds and 57 individuals. Many student groups require individual beds for their customers. This means we can accommodate this type of group up to 87 people. Groups are key. Great income and repeat business. Individual travelers find the BLUE IGUANA both fun and affordable. Repeat customers make up a substantial percentage of our business. Holidays and school vacations can fill the rooms as well. Once here, the guest find it easy to eat and recreate on the premises. From booking tours to swimming in the pool to a relaxing lunch to an afternoon massage, everything they need can be found right here.

Tours and transportation are an excellent revenue generator. Imagine you are in a foreign
Country at your hotel and want to do something fun or travel somewhere for the day. You are concerned about getting good value and a good price on your activities. Who do you trust? Naturally, you trust the concierge in your hotel! When the concierge is well versed in the activities and transportation available, the process and the cost, it’s easy to be the point of purchase for all your guest’s desires. Tours and transportation pay! With few exceptions, tours and transportation pay 20% commission on the purchase. This is one of the best, and easiest sales opportunities.

The Massage room can be rented to massage therapists by the hour, or a massage requested by a guest can earn a commission. We have a list of masseuses that we refer guests to for a commission, and we promote the room for rent throughout the community.

The bar can seat 50 people and is adjacent to the pool area which can accommodate 50 more. It is under a bar/restaurant use permit, but we do not have a restaurant currently. We provide some early live music during the weekend and are known for Wednesday musician jam. Realistically, the bar is a service for the guests at the hotel, but it is well-known by the people of Samara.

The restaurant on the property is an associated business that provides lunch and dinner options for the guests and the public. We collaborate with them for groups that require all-inclusive services, and they also deliver food to the bar. While we do not own the restaurant, it is a big plus to have a good restaurant on the premises!

Are you ready to live the dream?

Property Information

Real Estate:

Lease

Lease Terms:

Original term 10 yrs with a 10 yr option. Presently entering the 6th year. 2% annual escalation per year. Owner has discounted the lease during the covid-19 crisis.

Leasehold Rent:

$55,200 (USD) per annum

Living Accommodation:

A three bedroom two bath condominium is included on the property. It includes a living room, dining room and kitchen in the dwelling. It is air-conditioned and has qualith appliances

Location:

What makes the BLUE IGUANA special are the amenities. First is proximity to the beach – a one-minute walk! Proximity to town is equally important – we are right in the middle of town. No need for a car once you are here. The other features include a restaurant , (partner business) swimming pool, (the only shared room hotel with a pool in town) popular bar, hotel store, tour center, (selling tours is a valuable source of income) massage room, community kitchen, ‘Snack Shack” (for pool-side food and beverage)

Premises Details:

The BLUE IGUANA is a 40-room hostel-hotel that provides a range of accommodations while maintaining a very interactive social experience. The property is the biggest in Samara, featuring 4 to 6 person shared rooms; (very popular with the year-around travelers) economy and standard rooms for two; rooms for 3, 4 and 5 with and without air conditioning, and a 3 bedroom – 2 bath condo which is either rentable, or serves as owner’s quarters.

Size in square feet:
16,100
Planning Consent:

All permissions for the hotel and the bar/restaurant are current and in order.

Business Operation

Expansion Potential:

First is marketing. With internet presence and tourism relationships, filling the 40 rooms regularly is possible and profitable. The property presently has 11 air-conditioned private rooms and 5 air-conditioned dorms. Adding more air-conditioning can increase revenue. The bar operates under a bar and restaurant license. Adding food to the bar would greatly increase revenue in food and beverage. Lots of upside potential.

Competition / Market:

There are several hotels, hostels and air B&B's in the area. This property offers a full gamete of options: Dorms, rooms and suites. We are the only Hostel-style property with a pool, and there is a lot to do right on the property. Best feature; 1 minute to the ocean / right in the center of town. The best location, most amenities and pricing/features for every traveler.

Reasons for selling:

The original plan was to improve and fill the hotel in a 4 year period. The current state of affairs has interrupted the progress, and the owner now wants to move on. The property is being sold at a discount to accomplish this.

Trading hours:

8:00 AM until 10:00 PM 7 days per week.

Employees:
5 Full Time and 4 Part Time
Years established:
5years under the present owner

Other Information

Support & training:

Employees will stay on. Owner will supply paid support for up to 1 year.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner may carry a portion of the price with $300,000 or more down. Terms negotiable.

Furniture / Fixtures value:
$40,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD)
Website:
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Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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