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"Needs $ 2 MM in restaurations"
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ImmoMexx - Group
ImmoMexx - Samana |
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| Klaas Vleesenbeek |
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Email Klaas |
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Phone: |
+1(829) 898-0607 |
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Cell: |
+1(829) 898-0607 |
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Address:
Beachfront Hotel with 489 rooms in Cabarete
Type: Commercial
Style:
Size: 29,086 sq. m. "build"
Lot Type: Rectangular
Lot Size:
81004sq. m.
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300 rooms 42m2 each, including balcony, single rooms no kitchen in 6 buildings (rectangular gray buildings in site plan) these are furnished and usable and were built in 2003
In the 7 older buildings there are 12 one bedroom apartments with kitchen and 2-2 bedroom penthouses in each building. For a total of 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, only 4-5 of these are in good shape.
The total land area is 81,000m2 (approx 20 acres) with 20000m2 (5 acres) on the beach.
It has 3 pools and 2 clay tennis courts.
The furniture in 300 new rooms is in good shape (some 2 double beds, some queens 2 bedside tables, dresser with mirror, small chair, TV) basic but fine. Other furniture needs replaced.
The property was leased to a management company so there are no financials available. This property is being sold for the asset value only. It requires $2MM in repairs to get it fully operational and upgraded.
There was an appraisal done in 2001 that came in at $19MM (beachfront land has at least tripled since 2001).
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Information is deemed to be correct but not guaranteed.
