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For sale Sosua Hotel with high occupancy levels for sale
$8,900,000
Sosua, Puerto Plata
2,000m² Building
2,000m² Land
Description
The owner of this hotel has over the past 16 years developed the business into one of the highest occupancy levels of any hotel in Sosua. This is because the guests regularly return to the hotel and highly recommend it to friends and colleagues. The total area is 2000 sq mtrs comprising of one three story apartment building, one four storey apartment building, two newly consturcted buildings, restaurant, bar, heart shaped pool, and gardens. There are 80 rooms in total with the two newly added buildings, then one of the older buildings has been completely renovated recently, All the rooms have ...
As seen on: ambercoastrealty.com
Highlights
Security
Full A/C
ReferenceAVS-184971
Price$8,900,000
Type of Commercial PropertyCommercial
ConditionCompleted
Building Area2,000 m²
Land Area2,000 m²
ViewOcean Sea
Air ConditioningFull A/C
SecuritySecurity System
Title VerificationInfo Not Provided
Property Price$8,900,000
Down Payment (20%)$1,780,000
Loan Amount$7,120,000
20%
10%50%
9.5%
6%14%
20 years
Estimated Monthly Payment$0
Total of 240 payments$0
Total interest paid$0
Transfer Tax (3%)$267,000
Legal & Notary Fees (~1.5%)$133,500
Bank Fees (~1%)$89,000
Appraisal Fee$350
Total Cash Needed at Closing$2,269,850
* Estimates only. Actual rates and fees may vary by lender. Contact a local bank for exact terms.