H-029 Center Hotel close to beach in Cabarete

Hotel 106 Bedroom 102 Bathroom 45,000 ft2

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Center Hotel close to beach in Cabarete

This is a rare opportunity to own a hotel in the very heart of Cabarete that has individual titles for 112 apartments that could be sold separately; plus 32 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.

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