Paraiso del Sol, Cabarete, Puerto Plata

Puerto Plata
Dominican Republic

Category  Commercial
Listing Type
For Sale
Building Type
Year Built
Building Size
313079 SF
Lot Size
18931.00 AC
Cabarete East

CABARETE -HOTEL FOR SALEThis is a great investment right on the beach! To build a hotel like this would cost more than $56MM including the property. You can turn this into a 5-star for roughly a third of that price! The property alone is worth roughly $11.5MM!This is a hotel with a total of 489 units (505 bedrooms) spread over a huge property.There are 300 rooms of 42 sq m each, including balcony. They are single rooms w/o kitchen spread over 6 buildings (rectangular gray buildings in site plan). These were built in 2003 In the 7 older buildings there are twelve 1-bedroom apartments with kitchen and two 2-bedroom penthouses in each building. Total: 84 one bedroom apartments and 14 two bedroom apartments for a total of 112 rooms.There are 20 beach front villas each with 3 or 4 bedrooms for a total of 77 rooms.The total land area is 76,609.92 sq m (approx. 20 acres) with 41,999.94 sq m (more than 10 acres) of beach (300 linear meters). It has 3 pools and 2 clay tennis courts.There is no furniture in any of the buildings. AC units are also missing.If you are looking for 4.5-star hotel, then we suggest that your restoration investment will be somewhere around $10MM.There was an appraisal done in 2001. That appraisal gave a value to this property of $19mio. That was before the 300 rooms, the reception, 2 restaurants and a pool were built. However, beach front property, like property in general here, has tripled or more since 2001.The pictures shown are about 5 years old. I have recent pictures and will send them to serious buyers. If you are looking for a functioning hotel, we have several starting at $17MM up to $100MM.
Realty Giant Dominican Republic
Victor Williams Associate Broker RGDO

Dominican Republic
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