18 Bedroom Hotel & Restaurant For Sale on 5th Avenue - Playa Centro

Description By The Vendor
Selling Our Dream Hotel

Our Hotel is an Old World Hacienda Style building located less than a 1 minute walk from the Caribbean Sea.

Many activities, World Class, Scuba Diving, Mayan Cultural and Sites, Nightlife, World Class Golfing and a Foodie Paradise with pristine beaches....what more could you ask for.

Time for the wife and I to retire, looking for some one who will give the love that this property deserves....it truly has been Paradise for us and hope it will be for a lucky some one else.

INFO
HOTEL
The Lot size approx. 345 m2
Building size approx. 800 m2

Hotel has 18 rooms Has been a Top 20 hotel out of 260 hotels on Tripadvisor for the past 15 years.

Hotel runs conservatively at 46% occupancy rate with an ADR of approx. 105 a night with approx. 322k in sales and has room to grow.

80-90% of sales are USD

We also have a great following with many repeat guests that return several times a year some guests even more.

There is a 280 m2 beautiful roof top with bar and an 85m2 wood terrace with a 70m2 Palapa (grass roof) all with spectacular views of the Caribbean Sea.

Our Hotel has won Tripadvisors Certificate of excellence 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 ,2019,2020 2021

In addition we have won the Tripadvisor Hall of Fame Award Travelers Choice Award.

Word press webesite with google analytics and reservation system

Facebook page with 7,000 page followers and a 4.8 out of 5 rating, Tripadvisor over 1000 reviews 14 out of 317 hotels, 800 followers, Twitter 1,700 following , Instagram 848 following, personally I hate it all but its a necessary evil.




RESTAURANT

The restaurant has 90 seats

Our restaurant is a Top 70 Restaurant for the last 15 years out of 1,167 restaurants on Tripadvisor with 0ver 3,000 glowing reviews

Approx. 25-30% local business many returned guests, and many guests who are on vacation dine with us several times while here.

Kitchen has many new quality major appliances.

Street side tables have view of Caribbean Sea.

Our restaurant has won Tripadvisors Certificate of Excellence Award in 2011, 2012, 2013, 2014, 2015, 2016, 2017 , 2018 , 2019, 2020 2021

As well our restaurant has won the Tripadvisor Hall of Fame Award Travelers Choice Award

Our restaurant is the most talked about restaurant in Tripadvisor forums.

Link to Forums can be provided

Facebook page with 3,000 followers and a 4.9 out of 5 rating

Restaurant financials will be discussed in private.




POTENTIAL GROWTH for Hotel

Hotel running 75% with no rate increase would produce 517k per year

Bring up ADR 10 would increase sales by 50k bringing potential to 567K

It is also possible to go up another 2 levels possibly 3 adding 16 - 24 more rooms, but I feel it is better to run the restaurant for a few years then go up




POTENTIAL GROWTH for Restaurant

Our restaurant sells Breakfast , Lunch and Dinner so there is lots of room to capitalize on breakfast and lunch as well a dinner which is our strong point.

We are planning to expand to roof top where approx. 98 - 138 seats will be added, which can easily double restaurant sales
Guest Facilities On Site
RestaurantBarCable TelevisionGardenAir conditioning
Attractions For Guests In The Local Area
Beach And SeaForestsCity AttractionsCultural interestsArea Of Natural BeautyTranquilityRivers
Activities For Guests In The Local Area
Scuba divingSailing windsurfingSurfingWater skiingWalkingCyclingMountain bikingHorse RidingWellnessFishingAmusement ParkGolfNightlifeCafésBarsRestaurants
Owner Facilities On Site