Hotel Papagayo. Excellent Business Opportunity
Costa Rica, Puntarenas, Ojochal
If you are looking for an exceptional business opportunity in Costa Ricas hottest market, this is it. Casa Papagayo is ready to be reborn as a Bed and Breakfast or Hotel to utilize is ideal location and unlimited potential.
Accessible on 100% paved roads, located in the center of Ojochal just minutes from some of the area’s most popular beaches including Playa Tortuga, Playa Ventanas, Playa Ballena and the famous Whales Tail is one of the original hotel locations in Ojochal. The current owner has done many upgrades to start a specialty school. Unfortunately the school will not continue and the property is ready for further rejuvenation and provides an exceptional opportunity to the investor looking for a hotel/B&B and restaurant.
The property consist of a total of 15 rooms each with a private bath, pool, bar, huge covered patio, kitchen, reception area, organic green house, numerous fruit trees and Tilapia pond. The current owner has complied with all local zoning requirements to operate as a commercial enterprise, including adding an additional handicap access bath and proper safety fences and railing for children.
The property could easily feature 9 deluxe rooms and 5 economy hotel rooms to provide a broad range of income generating potential. And the there is an owners suite. It has not been operated as a hotel for many years, but a little love would invigorate this special place. Located only 3 minutes from the highway and within walking distance to several of the area’s finest restaurants and the beach at Playa Tortuga you will not find many other opportunities with the potential of this former hotel. Ojochal is renowned for its multi-cultural diversity, culinary delights and location for enjoying Costa Ricas finest beaches and outdoor recreational activities.
(DP - DG - 223)
- Price: $449,000
- Status: For Sale
- Gross Area: 7,100 m2
- State: Good
- Parking type: 4 Outdoor