Best Hostel-Proven ROI! - Homes & Real Estate - Invest Nicaragua

Best Hostel-Proven ROI! in San Juan Del Sur, Nicaragua

USD $685,000

420 m2
860 sq ft
Property ID 509

If an established and successful business enterprise located in a popular tropical beachfront community is what you are looking for, then Casa Oro is a must see! Casa Oro is strategically located one block from the beach in the historic seaside village of San Juan del Sur and is the most popular hostel in town. Because of the excellent reviews and coverage on-line and in top travel books, the owners have been able to consistently maintain an enviable annual occupancy rate without having to advertise. And ROI has been exceptional, even during the recent economic downturn! Year after year, Casa Oro remains the hot spot in southwest Nicaragua for the budget conscious traveler.

The building is sited on a 4493 SF (417 M2) fee simple lot and is comprised of a steel and concrete reinforced two story structure and a partial third story that houses the 40 person lounge/bar which boasts views of the bay and gorgeous sunsets. The exterior cladding of the building is well maintained tropical hardwood siding in keeping with traditional Nicaraguan charm.

The hostel includes 10 private rooms with A/C and flat screen TVs, 4 shared dormitories with adjacent bath-rooms, one complete furnished two bedroom condominium with A/C, large reception, large common use guests kitchen/ dining area, internet area, large surf shop (currently sub-let), two offices, storage areas, fully equipped laundry area, and a large internal patio/ garden area. Capacity of the hostel is 68 guests. The hostel is offered turnkey and is fully equipped with all furniture, furnishings and equipment necessary for continued operation.

Co-located with the hostel is a fully equipped surf shop and an eco-tourism concession providing complimentary synergy with the operation of the hostel, and contributing additional revenue through rental income and commissions.

Additional detailed operating data is available for qualified investors

Property Features

Air Conditioning
Caretakers Quarters
Ceiling Fans
Paved Property
Satellite TV
Walking Distance to Ocean
Water at lot line

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