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This is a great investment! To build a hotel like this would cost more than $75MIO including the property. You can turn this into a 5-star for roughly a third of that price! The property alone is worth roughly $10MIO!

This is a hotel with a total of 489 rooms spread over a huge property.

There are 300 rooms of 42 sq m each, including balcony. They are single rooms w/o kitchen spread over 6 buildings (rectangular gray buildings in site plan). These were built in 2003

In the 7 older buildings there are twelve 1-bedroom apartments with kitchen and two 2-bedroom penthouses in each building. Total: 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.

The total land area is 76,609.92 sq m (approx. 20 acres) with 20,000 sq m (5 acres) of beach (300 linear meters). It has 3 pools and 2 clay tennis courts.

There is no furniture in any of the buildings. AC units are also missing.

If you are looking for 4.5-star hotel, then we suggest that your restoration investment will be somewhere around $10MIO.

There was an appraisal done in 2001. That appraisal gave a value to this property of $19mio. That was before the 300 rooms, the reception, 2 restaurants and a pool were built. However, beach front property, like property in general here, has tripled or more since 2001.

The pictures shown are about 3 years old. I have recent pictures and will send them to serious buyers.