Boutique Hotel For Sale in Casco Viejo

Boutique Hotel For Sale in Casco Viejo

Boutique Hotel For Sale in Casco Viejo

For Sale

$4,500,000

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Bedrooms

21

Bathrooms

26

Area

10764 Sq Ft 1000 m2

Year Built

1905

Lot Size

0.062 acres 250 m2
  • Casco Viejo Panama Hotel For Sale (3)
  • Casco Viejo Panama Hotel For Sale
  • Casco Viejo Panama Hotel For Sale (2)
  • Casco Viejo Panama Hotel For Sale (4)
  • Casco Viejo Panama Hotel For Sale (5)

Description

This fully restored boutique hotel for sale in Casco Viejo is a French Colonial Mansion and has been delighting guests for years. In fact, it is ranked as one of the top hotels in Panama.

Property features a ground floor, mezzanine level along with two additional floors for a total of 1,000m2, all impeccably restored and maintained to a high standard.

There are beds for 84 guests with 77% occupancy for the last 16 months and the operation has 9 employees, many of whom have been with the property from opening (a great asset!).

The location is superb: steps from the most visited destinations in the Historic Quarter of Panama’s Casco Viejo: The Presidential Palace, Cathedral Square, the National Theatre, and Las Bovedas. This business is also strategically close to the new Amador Convention Center, public parking, and future tram line traversing the historic district.

Sellers are the original owners of the hotel and have done a fantastic job keeping the rooms spotless and new.

Property has several underutilized areas including 60 meters of ground floor (laundry) which could be converted to a bar along with a few larger rooms that could also be converted.

Full financial breakdown and floor by floor inventory available upon request.

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