For sale 4* Beach Resort Complex (2 hotels) - great investment
UPDATE 01/2018: This complex is now offered at a price below 25.000 USD per room. Despite being partly distressed, the hotel is maintained and buildings (int. & ext.) & grounds are in very good condition. There is also project offered with business plan for a Condo hotel, Finance can be arranged and IRR is estimated at 27,9%.
A unique opportunity to purchase 2 hotels next to each other on one of the most exclusive beaches of Dominican Republic. The complex has 600m of private beach !!!
Total of 662 rooms spread over several buildings. The resort has several restaurants, 4pools, 2 kids pools, conference rooms, playgrounds, large gardens, tennis, disco, teatre, bars, Jacuzzi, Sauna, Gym, shopping area, parking, etc...
The Resort has been closed the last years, but they kept maintenance ongoing inside & outside to keep it in a good shape. Although some renovation will be required to give it back the 4* status. The resort has been valued at its current state for 38 M USD, after some renovation it will certainly double in value.
Currently on offer 60% under market value !!
This property has a Business Plan based on its reconversion to the Condo-Hotel project (Residential Hotel) for which the bank would be willing to offer a financing operation. .
Please note the Resort needs renovation, therefore a very interesting price and great investment.
Contact us for more information - price, pictures of current state & Condo-Hotel project.