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Income Producing Commercial Opportunity in Salinas

  /  Income Producing Commercial Opportunity in Salinas

Income Producing Commercial Opportunity in Salinas

Property size: 1,145.00 m² (12,324.63 sq ft)
Structure: 48 Bedrooms
Accommodation:
Heating:
For Sale
Property ID: CS2000043
Specification
Property bedroom icon Bedrooms: 48
Property bathroom icon Bathrooms: 48
Property size icon Property size: 1,145.00 m² (12,324.63 sq ft)
Property floor icon Floor:
Property total floors icon Total floors: 13
Property year built icon Year Built: 1990
Property heating icon Heating:
Property accommodation icon Accommodation:
Property ceiling height icon Ceiling height:
Property parking icon Parking:
Property distance from center icon From center:
Property publication date Publication date:
Property area size icon Area size: 0.74 ha (1.83 acre)
Property garages icon Garages:
Property garages size icon Garages size:
Property additional space icon Additional space:
Features
Air Conditioning
Balcony
Fireplace
Garden
Gym
Internet
Jacuzzi
Laundry Area
Living Area
Patio
Pet-friendly
Swimming Pool
Location
Full Address: Salinas, Ecuador
Simple Address: Salinas, Santa Elena, Ecuador
ZIP Code:
Country: EC
Description

Own one of the most prestigious commercial properties in Salinas, Ecuador. This hotel is located in the heart of it all. Salinas is the most prominent beach city in Ecuador and has multiple tourist seasons with all the amenities such as bars, restaurants, shops, etc. and facilities of all kinds (hospitals, clinics, schools, supermarkets, banks, etc.).

The Hotel is geared toward guests who are looking for convenience, personalized service, and spacious rooms with all the comforts. The location is ideal for couples, families, and groups of friends planning a vacation at the beach.

Rooms with direct ocean views and the city and rooms and suites with kitchens are available. The rates include breakfast, free Wi-Fi in all areas, a swimming pool, a cafeteria, and tourist information.

The structure itself sits on a 1140 square meter lot and is comprised of 2 towers, each 13 stories high and having a total of 2 elevators. There are 32 suites consisting of 2 bedrooms each (20 ocean-view and 10 city-view) with capacity of 4 people each. There are 16 double-rooms with city view having capacity for 2 people each.

There are 3 different event halls which each have capacity for 200 people. There are 2 commercial spots on the ground floor which are independent from the Hotel and can be rented out separately (current rental income from commercial tenants yield $4700/month). Installations include a restaurant, pool, jacuzzi and large reception area. There is a separate administration office, laundry room, and a parking lot with capability for 10 cars. The building has 2 generators and 2 transformers. 2018 reported income was $800k. Possibility of conversion to Condos. Being sold totally turn-key.

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