Boutique Hotels For Sale in Manuel Antonio, Costa Rica.

Boutique Hotels For Sale in Manuel Antonio, Costa Rica.

Costa Rica Realtor Scott Cutter

One of the most common requests and inquiries we get here in our coastal offices are for international investors who would like to own and operate their own bed and breakfast properties or small inns.

As anyone will discover when they begin their search for these types of properties, there are a LOT of options on the market so I thought it would be wise to write and article about some of the key points and realities when selecting these opportunities.

Let me frame this by saying that I managed a boutique resort here in Costa Rica for several years before getting into real estate so I understand both the good and the bad about hotel management, cash flow, staffing, etc. and will try to note some very key points that are worthwhile to always consider.

Located on Costa Rica's Central pacific Coast, just a 25 minute flight or 3 hour drive from San Jose. The Quepos Marina District Hotel boasts 14 lovely rooms with air conditioning, cable television, mini fridge, telephone, swimming pool, tiki bar, digital safe, tour office and laundry services ALL conveniently located in the center of Quepos, Costa Rica. Voted the Best Value in Costa Rica by the Keating Leisure Associates.

Marina District Hotel For Sale in Quepos, Costa Rica - US$950K.

Years ago Quepos was a sleepy little port known for its banana plantations and small port. Since then much of the primary forest area was purchased to form Manuel Antonio National Park and which in turn was discovered by a small group of travelers from the United States.

In the coming years the waters were discovered to be filled with Sailfish as well as other sportfish and Quepos became a jumping off point for adventurers headed to the unpenetrated jungle to the south. The historic wood homes of the banana company still overlook the port.

The Marina District Hotel offers 10 Standard Rooms with one full bed, and private bathroom for 1 or 2 persons. Our Extra Room features two beds and private bathroom for 2 to 4 people or Three Twin beds and private bathroom for maximum 3 people. Twin beds can join to form a King Bed. US$950K

Marina District Hotel For Sale in Quepos, Costa Rica - US$950K.

Perhaps the biggest mistake which we see first time investors making is that they go online and start shopping for small hotels in their price range without regards to the area in which it is located, the existing tourism flow, amenities, infrastructure and ability to source employees and services.

It is very important to remember that buying a cheap hotel that can't make money, can't properly be serviced and will be an unsustainable investment long term. If you are just looking for a personal house, moving off the beaten track and finding the best price on land and construction, if you are personally willing to give up the amenities and infrastructure of more developed areas, is 100% OK.

If you are looking at building a business venture and lifestyle, it is paramount to remember that pricing is typically purely supply and demand and if you find a super cheap hotel in an remote area, it is likely priced accordingly due to the fact that the owners can't make any sustainable income there due to the lack of volume.

This cozy boutique hotel has been a part of the Manuel Antonio landscape for the past twenty years and is a truly unique opportunity. The hotel, built by a German family to European standards is a very well built handcrafted property that offers up a unique mix of rooms, apartments, a house and restaurant. There are a total of 8 suites, 3 fully equipped apartments, the Casa Mapache which is either the owners house or another rentable residence, plus the spacious tropical restaurant area.

The property is covered in beautiful gardens with tropical trees and flowers such as Avocados, cocos palm trees, and YlangYlang. There is a large private parking lot, biological sewage cleaning system, fully equipped workshop with machinery and plenty foe space for expansion.

Hotel Vela Bar For Sale in Manuel Antonio, Costa Rica - US$850K

This is an ideal property for an individual, couple or family looking for an owner operator hotel and the property has a profitable long time history and a solid repeat client of nature lovers, biologists and families from around the world who come year after year.

The property is just a few short steps from the world famous beaches of the area and from Manuel Antonio National park with a constant stream of walk in traffic yera round due to its privileged location. A great property at a great price. US$850K

Another common mistake is the conception that running a small bed and breakfast or hotel is a lifestyle which allows owners to simply welcome guests, drink cocktails and poke their toes in the sand all day. This is certainly part of the allure and a reality that hotel and inn owners do enjoy.

That said, the key to enjoy more of that kind of time rather than late night hours working reception is investing in an area which has solid tourism numbers, a draw for clients and access to staff and services which allow you to be an owner and not a maid/receptionist, chef, head of maintenance, etc.

The Manuel Antonio and Quepos area is an ideal place where you can find both well priced boutique hotel opportunities as well as having the assurance that you have a solid pool of tourists to fill the beds, employees to service those guests and a lifestyle conducive to a long term sustainable investment.

While certainly not the cheapest to buy a hotel, the current market conditions are allowing for deals that were once reserved for only the most remote areas and it makes 2012 one of the optimal times to secure an amazing deal on a hotel property here in the area, without having to commit to running the Robinson Cruso lodge all by your lonesome..

Here are some of our top boutique hotels for sale in the Manuel Antonio area under $1,000,000:

Sula Bya Ba, is a 10 room boutique hotel which is currently part of the Hotel Mono Azul administration and portfolio. The owners have listed both properties and would sell them independently or as a package. This section of the hotel, located on a prime commercial corner was the most recent addition to the Mono Azul and is located across the street allowing for a fully autonomous operation and project at an amazing price.

Sula Bya Ba Hotel For Sale in Manuel Antonio, Costa Rica - $695K.

The property, which measures just over 1600 sq. meters in size, offers up 10 luxury villas, the largest and highest prices which the hotel Mono Azul currently offers its clients, a large commercial area currently being leased to a spa operator and a 2 level tower home which could be an owners house or continue as a hotel rental property.

It's on a good high visibility corner location, there's a private pool, room for expansion and a mixed use commercial, residential and hotel compound. Finding this quality construction, location and price in Manuel Antonio is nearly impossible making this one of the most unique opportunities in the market place. $695K

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Written by Scott Cutter who lives with his wife and two daughters in Manuel Antonio, Costa Rica.

If you are in the market to buy real estate near the beach on the central Pacific coast and would like to discuss your goals with one of our most experienced and most Recommended Costa Rica Realtors Scott Cutter in Manuel Antonio, please use the simple form below:

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