Hotel For Sale
Asking $2,850,000 with owner financing. 12% ROI with significant
upside potential This business hotel property is centrally located in the middle
of the central business district where many government and private business
offices are located. The opportunity exists to operate with a 12 % Return and
significant upside by upgrading the rooms, pushing room rates and increasing
occupancy levels. o It has 43 rooms, all have A/C, Cable TV, Queen and Twin
Beds, Closet, Safe box, and electronic card key system. The hotel has a ground
floor which includes the reception desk, lobby, bar, lounge, Laundry and
restaurant. (See attached photos). o The hotel is sitting on an 800m2 land and
has approximately 2400m2 of construction (Ground floor plus 4 floors of rooms)
The hotel has an annual occupancy of around 70% with an average daily rate of
$45.00 o The restaurant brings around $10,000 monthly. Additional revenue comes
from phone calls that the guests make from their rooms (around $2000 a year) and
from using the laundry (around $1000 a year) The hotel has monthly expanses of
$25,000 which includes all utilities, salaries, and cost of goods. Net income
averages $340,000 annually with near term projections to go to $370,000. o The
owner is asking $2,850,000 and financing will be available for qualified buyers.
Gross Income (Monthly) $59,450.00 $31,700.00 Expenses $26,050.00 $21,550.00
Ricardo Garcia de Paredes ricky@realty-dejavu.com
dejavuinvestment@realty-dejavu.com Panama City Panama Tel (507) 223-2823 Tel
(507) 223-2824 Cel (507) 6611-3790 U.S.A 630- 366-6214 OTHER: 832-7697
www.realty-dejavu.com http://www.panamarealtors.info
http://www.compreoalquile.info
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Property #: 159
Location: Panama, Panama
Sell Price:
US$ 2850000
Amenities
Garage
Gated Community
Elevator
Air Conditioning
FULLY FURNISHED!!
City View
Balconies
Cable TV Ready
Property Managament Services Available
BBQ Area Overlooking Pool
24 hrs Security
Near Malls
Near Schools
Near Health Centers
Exclusive Community
Blinds / Curtains
Near Restaurants
Near Supermarkets
Near Stores
Children`s Play Ground
Privated Property
MAS OPCIONES
Oportunidades de Negocios en Panama
Location: Panama, Panama
Sell Price:
US$ 2850000
Amenities
Garage
Gated Community
Elevator
Air Conditioning
FULLY FURNISHED!!
City View
Balconies
Cable TV Ready
Property Managament Services Available
BBQ Area Overlooking Pool
24 hrs Security
Near Malls
Near Schools
Near Health Centers
Exclusive Community
Blinds / Curtains
Near Restaurants
Near Supermarkets
Near Stores
Children`s Play Ground
Privated Property
MAS OPCIONES
Oportunidades de Negocios en Panama
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