Hotel and Residential Project for Sale San Carlos
$6,900,000 | 10 Bed, 14 Bath | 13993 Sq Ft / 1300 Sq m on 128.5 Acres / 520021 m2
Distressed Seller, Recently Reduced!
This Ocean view hotel and mixed use development is just 15 minutes from the beaches in Coronado and 45 minutes from the future international airport in Rio Hato. All 10 rooms of the hotel have been completed and are in operation but the real value of this property is the surrounding land, which is absolutely stunning and can be developed. There are approvals in place for an additional 4 hotel towers, 4 condo towers, a commercial area, artificial lake, heliport, country club, and equestrian facilities. Existing infrastructure includes road to the hotel, septic tank, water tower, well, and electric connections. The Hotel has all the permissions for a bar and a license for a disco.
The property is located at 600 meters (1800 feet) above sea level where temperatures are cool and the views are stunning. The hotel is on the main road to a tourist attraction which means great exposure to local and foreign visitors.
The owner would also consider selling the hotel separately from the land.
The master plan includes approximately 220 lots on average of 1000 m2 each.