Unique Beach Hotel, Great Income Business, Financed

Blue Palm  is a very unique 14 room Beach Hotel located in the tourist area of Jaco Beach, Garabito, Puntarenas, Central Pacific Coast.  It is at walking distance to the fine sands of Jaco Beach.  The Hotel is well established (since 2005) and it offers clean and comfortable rooms at affordable prices.  It is nested among the foothills of the rain forest mountains of Jaco, surrounded by fantastic surfing spots, world class fishing, sandy beaches, recreational activities, fine dinning and numerous amenities.  Blue Palm hotel is a great income business.

 
HOTEL FEATURES: strategically located 601 m² (6,470 sq.ft. ≈ 0.15 acre) duly titled lot; 650 m² (7,000 sq.ft.) two storied concrete/steel construction built on 2005; fine finishing; impeccable condition.
 
8 DOUBLE ROOMS:  Rooms to relax and unwind; double bedrooms fully equipped with a queen size bed and a single bed with orthopedic mattresses, AC, cable TV, private safe deposit box, hot shower, mini-fridge, phone and free wireless connection.
 
2 LARGE DELUXE ROOMS:  Rooms to rekindle the romantic flame; sunlit deluxe bedrooms offering 2 queen size beds with orthopedic mattresses, AC, cable TV, private safe deposit box, ceiling fans, hot shower, mini-fridge, phone and free wireless connection.
 
4 LARGE ROOMS WITH KITCHENETTE:  Rooms to enjoy the refreshing breeze; second story large bedrooms featuring 2 queen size beds and a single bed or more, with orthopedic mattresses, an AC, cable TV, private safe deposit box, ceiling fans, kitchenette, hot shower, mini-fridge, phone and free wireless connection.
 
AMENITIES:  Office; Swimming Pool 6 m x 9 m (20 ft. x 30 ft) , Internet, Commercial Store, 13 parking spaces; Laundry room.  The hotel was recently repainted inside out and is in flawless condition.
 
TERMS:  This is a Full Package transaction and the sale includes: the business, the property, all the inventory, furniture, appliances, equipment, licenses, permits, professional website (www.bphotel.com), contacts, etc. The total closing fees are $5,000 as the hotel sells with the entire company and the sale will be made by transferring the stock to the new owner.  The buyer pays $385,000 cash and assumes existing financing with local bank.
 
EXISTING FINANCING:  The hotel has an existing loan of US$350,000 financed at 6.25%, 15 year term with Banco Nacional (C.R. largest state bank).  The loan currently pays $3,000 per month and has no pre-payment penalty.