Adventure Inn Hotel Bed and Breakfast - 34 Rooms - Near the Airport
San Jose, Costa Rica - Business / Traveler Hotel
The owner states:
If you are serious about buying a hotel in Costa Rica in the $2.6 million range, this is a pretty good, safe hotel to own. And because you are coming to me without using a real estate agent, I have more flexibility. The hotel is set up to be easy to run, and my son and I would be more than happy to take our time and show you how we do things.
All existing thirty-four hotel rooms are quite spacious and fully loaded, each with two large beds, clean, cool ceramic-tiled floors, private baths, some with bidets, all with large color TV's, wireless internet throughout the hotel, all rooms have A/C, direct dial phones, coffee makers, a small writing table and chairs, an attractive armoire closet and dresser, and an in-room safe. Included are three suites which have in-bath Jacuzzis, microwaves and a small fridge. We have a sixty person bar and restaurant, and a big two storey solarium room with a large Mayan waterfall Jacuzzi, a computer station with four computers with flat screens for people without a laptop, and a new fully-equipped ten piece gym. You can see the property by visiting our website, www.adventure-inn.com however, bare in mind that several new condos and a new shopping plaza have been built around it, and the photo is as a result, a bit dated. Our particular area is really growing, with two more malls and a major hotel/conference complex within close walking distance.
Actually there are two properties included in this sale, the hotel plus an attached house, the perfect place for installing a pool and several more guests rooms, maybe five or six. The hotel property is a fat capital 'L' shape, but with the house, it makes the whole property rectangular, so it fits like a glove along two inside walls. I prefer to let someone else develop the house how they want, a small investment should go a long way. Commercial square footage is worth a lot more than residential, plus room rates across the entire hotel can go up moderately with a pool. A pool also increases multi-day stays by making Adventure Inn more of a destination for people (with families, retirees) touring the nearby rainforests, volcanos, etc. Also, with a pool, we become a four star hotel.
We are half way between the international airport and San Jose, in one of the most exclusive neighborhoods in Costa Rica called Ciudad Cariari.
Along with some small bed and breakfasts in the area, there are three five star hotels as our competition, the Hilton Double Tree Cariari, a Ramada Plaza Herradura, and a bit further, the huge Marriott, all in the $150 to $300 per night range, so we are better priced to ride out any economic slow-down. I have been told our rooms are as nice, or even better than the Hilton and Ramada.
Our location is multi-purpose, ideal for first and last night stays in Costa Rica, as well as people who want the San Jose experience for part of their vacation, but prefer not to stay right downtown with it's inherent problems. As you probably know, Costa Rica is growing leaps and bounds along both coasts and the Arenal/Monteverde areas with new hotels and condos popping up daily. We are also poised to continue benefitting from increased airport arrivals, with no slowdown in site as people are increasingly moving assets to Costa Rica. Liberia Airport is only good for Guanacaste, but the lower part of the Nicoya Peninsula and all the rest of Costa Rica; the nicer, greener, mountainous part, use the San Jose airport. If bottom line is your primary concern, we have one of the the best locations in Costa Rica, if not the best.
We are also central in Costa Rica to Pacuare whitewater rafting, Irazu, Poas and further Arenal Volcanos, Waterfall Garden Park, San Lorenzo - the largest canopy tour in the world, plus some great coffee and butterfly farm tours. San Jose is also half way between the two oceans.
We make at least a 20% commission on each tour and car rental, plus guests tend to take an extra night's lodging for each tour taken.
Branding may be another avenue, but they nail you with high commissions, and I am not convinced we couldn't do better on our own. If you want, I will share some of the more successful marketing ideas we have discovered.
In the off-season, we have been keeping our occupancy up until now with week-long Floridians, Texans, even upper-middle class Mexicans and Puerto Ricans, who are not interested in Costa Rica's hot beaches, but rather the cool rainforests and volcanos found in the interior where we are. We have a high year-round occupancy rate, and since January, we have seen a marked increase in full paying guests who contact us directly without middleman commissions due.
Adventure Inn is an excellent opportunity for someone wanting to make money immediately, as it is fully-operational and basically runs itself, fully renovated, and often quite busy. The new pool will be a bonus.
Unlike beach properties that are very seasonal, Adventure Inn tends to be busy year round. We also rank quite high on TripAdvisor.com, and have been #3 out of 114 San Jose hotels regarding guest satisfaction for nearly a year, so you know the staff are quite good and enjoy their work.
Our near San Jose location also allows us a larger bilingual labor pool to draw from, and convenient proximity to government and other services and suppliers."
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or, in Costa Rica, call and ask for Forrest or Eric 011-506-2273-6614