Hotel Hostal In Arenal For Sale

Business description

Comments:
Recently refurbuished Hostal just a few minutes walk from the beach and resort centre. There are 22 double or triple rooms on five floors along with 4 self contained letting apartments and 3 bedroom owner's apartment. The business opens all year round with multi-national clientelle and is offered at an excellent freehold price.

Current Operation:
This hostal has recently undergone some refurbishment and redecoration, particularly in the guest rooms where new American style kitchens have been installed. A lift is planned to be installed by January 2005 which would service all five floors. There are 22 double and triple rooms as well as 2 one bedroom apartments and 2 two bedroom apartments, a manned reception area and a sunny roof terrace. All the rooms have balconies and basic furnishings and are available all year to the many tourists and travellers that visit the resort. Alongside the hostal, and included in the asking price, is a three bedroom apartment which is partially furnished and could be used as living accommodation for new owners or staff or alternatively, with a little work, could be integrated into the hostal as a bar or cafeteria.

Notes:
A substantial investment initially, but one that could prove a prudent one with the right application. The potential to increase the genuine all year trade is there for all to see. The business would suit a small family or a couple with staff, perhaps with some experience of running a business of this type and size.

Premises Dimensions:
0

Finance:
The business is being offered on a freehold basis and therefore constitutes a considerable investment initially. Once that investment has been made there is no reason why the business cannot provide a very comfortable standard of living for new owners.

Rent:
0

Asking Price:
€1552500

Property information

Real Estate:

Real Property Included

Location:

The hostal is located just off one of the main thoroughfares through the resort and only three minutes walk from the magnificent sandy beach that stretches for some 5 kilometres. The resort centre is a couple of minutes from the hostal and the large marina can easily be reached in 5 minutes. The resort is popular with tourists of all nationalities but particularly the Dutch, German and British.

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