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Hotel for sale in Cabarete

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sold116 apartments in a variety of colourful buildingsLovely swimming pool
Entrance from receptionRestaurant area with theatre alongsideBalcony or terrace with each room
one of the 116 aprtmentsall rooms with showertropical vegetation iin gardens
Sun and shady areas 10 central shops included in price100 yards from the beach

Hotel for sale in Cabarete
Features

Generator, Internet, Jacuzzi, Maids quarters/Laundry, Parking space

Request more information.

H-3116




PH

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U$0


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Status: Sold
Listing #: H-3116 PH
City: Cabarete
Price: U$0
Bedrooms: 106
Bathrooms: 100+
/ sq Meters:
Lot Size (sq Feet): 95420 / sq Meters: 8865

Hotel for sale in Cabarete. 


This is a rare opportunity to own a hotel in the very heart of Cabarete that has individual titles for 48 apartments that could be sold separately; plus 58 more units that do not have titles at the moment. The apartments are in six  blocks surrounding two swimming pools, Jacuzzi, mature well kept gardens, sun terraces , open air stage, restaurant, bar, and kiddie club. Plus staff quarters, retail and office accommodation. Moreover, there is a shop that can be leased on the main road where the entrance is located in the most sought after location in Cabarete with parking facilities. 


 The hotel was originally listed for US$4,000,000 but it has not been operational for three years and is now in the need of renovation and adding to as there is plenty of land to develop.  Cabarete needs a development like this and major tour operators will send clients if renovated to their standards.


 Anyone buying an apartment could have the option of placing it in a rental pool if the new owner wants to operate in that way. Four years ago  the  owners guaranteed a 7% return for two years, which is an indicator of how well the hotel was doing. 


The apartments are sized 32 and 39 sq mtrs with the ability to combine one or more apartments to make it into a two bedroom apartment. They each consist of a living/sleeping area, kitchenette, bathroom and balcony or terrace. As there are hardly any apartments for sale in Cabarete for under $100,000 these could be priced at-for a first floor apartments of 32 m2 is US$55,000, and for a 39m2 US$66,000. Second floor apartments US$59,000 and $66,000 respectively. The rooms can accommodate up to four people, and 19 connecting rooms are available for big families who want to keep in touch. 


 


I cannot stress the importance of the location of this hotel complex and its potential for expansion especially with the increasing number of eco tourists who are attracted to this area because of its ecological diversity having lagoons, caves, rolling hills, and mountains on the door step. Plus, the large number of kite and wind surfers who could carry their boards to the beach in under 2 minutes.


 


The owners are also selling their beachfront hotel for $2.5 million and are open to offers for a combined purchase. THE PICTURES ARE WHAT IT LOOKED LIKE THREE YEARS AGO. WE CAN SEND YOU CURRENT PICTURES FOR THOSE SERIOUSLY INTERESTED IN THIS AMAZING OFFER


 


 For more information about this exceptional hotel and the buying procedures in the Dominican Republic, please complete the ‘Request for information’ box.

Community features: Pool, Public transport, Restaurant
Distance to airport (km): 19
Distance to airport (miles): 12
Distance to beach (km): 0.08
Distance to beach (miles): 0.05
Distance to schools (km): 0.16
Distance to schools (miles): 0.10
Distance to shopping (km): 0
Distance to shopping (miles): 0
Distance to town (km): 0
Distance to town (miles): 0
Features: Generator, Internet, Jacuzzi, Maids quarters/Laundry, Parking space
Furnished: Un-furnished
Gated community: 24 hour security
Lattitude: 19.75030572347826
Longitude: -70.40519714355469
Listing #: H-3116
Parking: Parking space
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