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Hotel-Restaurant For Sale
Baja California Sur, MX
OFF
MARKET
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Comments:
Established profitable business and the real estate are for sale.
Consisting of a fine dining Restaurant and boutique Hotel.
Located half a block from the marina and sixty yards from the
beach.
Growth potential. Highly trained staff. Current owners will
be available to assist during the transition period. |
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Property Location |
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State |
Baja California Sur |
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County |
San Jose Del Cabo |
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Country |
Mexico |
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Property Details |
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Number of Rooms |
10 |
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Gross Income |
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Restaurant (seats) |
100 Downstairs
100 Rooftop |
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Bar/Lounge (seats) |
36 Piano Bar
20 Cigar Bar |
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Swimming Pool |
Yes |
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Additional Information |
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Construction |
All construction is concrete block
and cement. Roof on main building is tile. The entire property was
remodeled in August of 1994 with new copper plumbing, fixtures,
furnishings, equipment and electrical. The penthouse was remodeled
in 1999. The floors throughout the property are marble, tile or
carpeting. |
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Location |
Walking distance to downtown and
about 60 yards from the best swimming beach in the area. |
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Description |
The property consists of
approximately 17,000 square feet or 1,588 m2 of land. It is
completely fenced and has mature landscaping. Ample room for
expansion. Five buildings totaling approx. 25,000 sf of living
area.
- Main building
Consists of three stories. The first floor has the fine dining
restaurant with three dining areas, service bar, kitchen, five
bathrooms, piano bar, cigar smoking room lobby/reception area
and an office. Second floor with 10 hotel rooms, courtyard and
storage areas. The third floor consists of one penthouse
apartment, banquet facility, kitchen, bar, four bathrooms and
indoor gazebo area. There is also a sun deck on the top.
- Second building
Consists of two staff housing apartments, two offices and
storage room.
- Third building
Consists of large walk-in freezer, large walk-in refrigerator,
bathroom , liquor/wine room.
- Fourth building
Dry storage rooms mand laundry facilities.
- Fifth building
Full gym with pool table, ping pong table and library, private
sun deck on rooftop terrace.
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Utilities |
Water is supplied by the city. The
property has a total of 25,000 liters of water storage. Telephone
is supplied by Telmex with three lines. Electricity is supplied by
the local electric company. The property has its own transformer.
The property is hooked up to the city sewers. Garbage collection
is provided by the city. Two 1000 liter LP tanks. |
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Title |
Fee simple title in a Mexican
Corporation. |
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Amenities |
Swimming pool, gym, fish ponds,
3,200 gallon salt water aquarium, fountains, security lights, two
satellite TVs, pool table, ping pong table and library. |
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Inclusions |
All fixtures, furnishings,
appliances, equipment, decorations, two liquor licenses and all
permits are included. Inventory list to be supplied upon request.
Food and liquor on hand at time of closing will be available for
purchase. |
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Operation |
Open in September 1994 as a fine
dining restaurant and hotel with occupancy rate steadily
increasing since. The restaurant is opened for dinner only. The
banquet facility (150 seat capacity) was opened in June 1999 for
private parties and weddings. |
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Area |
A major resort destination with
development of major upscale hotels, extensive championship golf
courses, high end residential housing, major shopping centers and
easy access from many major metropolitan areas. Truly a tropical paradise with miles of beaches, world class golf
and fishing, five-star resort, unbelievable night-life and dining
experiences, scuba diving, snorkeling, surfing and desert
adventures.
During the last five years, property values have appreciated
steadily.
The U.S. Department of Commerce estimates that tourism will
gross $1.5 trillion U.S. dollars by the year 2010, becoming the
largest industry in the world. The World Travel and Tourism
Council, along with the American Express Foundation forecast a
growth of 160% in Mexico's tourism income in the first decade of
the new Millennium. Tourism fosters development, and according to
the Central Bank of Mexico, Mexico ranks eighth in the world in
terms of visitor arrivals. Over $750 million U.S. has been
invested in Los Cabos since 1997 in hotel developments and golf
courses, with nearly 4,000 rooms under development or about to be
started, together with 126 holes of championship golf. The
Political Risk Services considers Mexico among the top 30
countries with higher safety standards for medium and long-term
investments. Mexico is the United States largest trading partner,
with 87.5 % of its exports and 74.5 % of its imports (1998 est.).
Trade with both USA and Canada has nearly doubled since NAFTA was
implemented in 1994, providing international investors with
additional level of confidence. |
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Disclaimer |
