This small hotel is almost a year old and everything is in place for a new owner to step in and take advantage of the coming growth in Puerto Armuelles. The business is already making a profit and a new perspective, combined with a little marketing, could easily take it to the next level!
Beachfront Hotel for Sale in Prime Location of Puerto Armuelles. ID# 100515
$799,000 SOLD! Now under the name Big Daddy’s
Investors, expats, and small business entrepreneurs are looking intently at Puerto Armuelles with the recent news of the feasibility study for two ports and a dry canal in the works. Real estate is quietly being picked up around town and beachfront locations are always the prime choice. This hotel is both a profitable, ready to step into, business and sits on a prime piece of sandy beachfront real estate within walking distance of downtown.
There are 11 rooms, including two suites, that are arranged around the swimming pool, so that every guests has a view of the ocean when they enter or exit their room. An American-style restaurant with a kitchen and trained staff has become popular with locals as well as tourists. A full bar with Happy Hour specials attracts a crowd in the afternoons and evenings and there are two slot machines for additional income streams. There is city water, sewer, and electricity. Also includes a 1000 gallon water holding tank and there is a back-up well on the property. The hotel has parking in front for 15 cars.
Detail in quality and workmanship are evident in the building, which was done by an experienced builder from the US. There are many 4 -5 star ratings already on Trip Advisor, like “The Ocean view is delicious! The set up is both elegant and quaint” and “This place is flat out charming!”
This cozy Pacific oceanfront hotel currently has rates of $45-$100 a night and special long term rates are available. There is no debt and the business is turning a nice profit. Serious inquiries may request to see financials. All reasonable offers will be entertained since the current owner is ready to pursue new entrepreneurial ventures. Purchase comes with a Panamanian Foundation and Corporation.
A couple could step into this business easily and add their own creative twist to the current business, making it even more attractive to guests and locals. Activities like live musicians, game night, and other activities are highly sought after in town. A website is included, which could be re-vamped, and the addition of social media would boost popularity immensely.
R.O.P. with Foundation & Corporation
Parking: Gravel in front of hotel with 15 spaces
Construction: Block, composite roof and tile floors
Features: Oceanfront, Full kitchen, Restaurant & Bar, Swimming Pool, trained staff
Location: San Vicente, Puerto Armuelles, Panama
Property ID# 100515
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