For sale 4* Beach Resort Complex (2 hotels) - great investment Dominican Republic
Dominican Republic, Dominican Republic
A unique opportunity to purchase 2 hotels next to each other on one of the most exclusive beaches of Dominican Republic situated West of Puerto Plata. The complex has 600m of private beach !!!
Total of 662 rooms spread over several buildings. 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. Now offered at 60% less of the value.
There is project & business plan, with sales projection based on a conversion for for a Condo Hotel (we have a presentation file). IRR is projected for 27,9% by selling Condos and keep part for the Resort. Total price (purchase & complete conversion) 24.7M USD Bank Finance up to 70 %
Land:120.160 SQ M
Construction area: 27.718 sq m in 23 buildings for the rooms and 40 buildings for services & others
Restaurants, teatre, bars, lobby, warehouse, shopping area: 6.496 sq m
Rooms: 662t total > 534 Standard ( 33 – 39 sq m) and 128 Junior Suites ( 46 – 50 sq m)Extra: 4 pools, 2 kids pools, 2 Jacuzzis, Sauna, Gym, Disco, Tennis courts, 2 swim up bars, shopping area, 3 restaurants, parking lots, treatment plant, power generators, etc..