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Opportunity to Buy Successful Hotel in Boquete Panama

$ 1,889,000
Avenida Buenos Aires, Palo Alto, Los Naranjos, Chiriquí, Panama, ,
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Opportunity to buy busy, financially successful 12-room B & B/ Boutique Hotel in one of Panama’s top tourist destinations. TripAdvisor® Travelers’ Choice® 2014 Winner: # 1 in all Panama, # 3 in all Central America and always in the top ten each year. Also featured in The New York Times: “Irresistible” and in all major Panama travel guides—online and in print.

Located on a prestigious street, the business is under a 3-minute drive to the town centre and close to all local attractions, restaurants and businesses that cater to tourists. The 2500+ sq m (approx ¾ acre) property offers a unique concept with an abundance of beauty and charm with winding paths through lush, mature gardens, home to more than 90 species of birds (many who visit during breakfast – a guest favourite).

The hotel has 6 guest cabanas (1 room upstairs, 1 room downstairs – including a brand new cabana opened in 2017) and one reception cabana – the upstairs of which includes bathroom and kitchen facilities. This space can be converted into an owner or manager’s apartment. All 12 guest rooms (ranging in price from $99 – $135 per night) are beautifully designed with local and exotic artwork and all have kitchens or kitchenettes, en-suite bathrooms, flat-screen TVs, bar fridges, microwaves, dehumidifiers and much more. Three of the rooms have private terraces.

The business also includes a bar in the back garden with seating for up to 24 people and a dining area off the reception office. Infrastructure includes reserve water tank, top-of-the-line septic system, water filtration, security cameras, electric tankless water heaters for all cabanas and gas water heater for the main kitchen and much, much more. Hotel has off street parking for 10 cars.

This business is turnkey. It is ready to operate upon purchase, legally incorporated in Panama with necessary licenses and permits. An online reservation system is also set up for easier, automated reservations and the website features a direct online booking system plus the hotel is featured on all major travel booking sites. The current staff is experienced, have received extensive training and intend to stay with the hotel. The hotel has been meticulously maintained and operated. The current owners will spend the time required to help new owners to fully understand the business to ensure a smooth transition. Exact timing to be discussed.

The property also offers great expansion potential. The hotel routinely turns away up to 100+ bookings during busy season. There is room to build an additional two cabanas (4 rooms) comfortably on the property. A small spa could be incorporated into the office space above reception and the restaurant and bar could be opened to the public. There is also a piece of property across the street from the hotel, with potential to build 12-15 units. NOT INCLUDED IN PRICE.

Owner financing may be available upon minimum deposit of 2/3 down may be an option.

Boquete is a top retirement/eco destination, featured in major publications and television shows and is poised to become Central America’s # 1 eco-tourism destination. Extensive airport upgrades to Enrique Malek International Airport (David) have recently been completed with frequent daily flights. As one of the most successful B&B Boutique hotels, this will only increase our growth and success. Panama is on an upward swing: this year it bucked international trends, with GDP growth rates of +5% and rising.

Don’t miss this opportunity to live and work in beautiful Boquete, Panama where the weather is spring-like year round and the cost of living is low (income earned here goes further than Europe or North America). Turnkey operation with fully trained, long-term staff who are capable of operating the hotel independently, giving a balanced lifestyle rarely found in the hotel business.

For more information, please contact the seller.

Address: Avenida Buenos Aires, Palo Alto, Los Naranjos, Chiriquí, Panama
Zip: 00000
Country: Panama
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Property Id : 21278
Price: $ 1,889,000
Property Land Size: 2,335.70 m2
Rooms: 12
Bathrooms: 14
Year Built: 2003
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