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    Heredia Province Costa Rica San Rafael, CA 00000

    Sponsored
    For Sale
    $25,000,000

    Luxury Hotel, 42 Units, 100% Occupancy

    Property size:
    136,343 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully operational, 42-unit hotel in Heredia Province, Costa Rica. Boasting 100% occupancy, the property comprises 17 buildings on a 3.13-acre lot, totaling 136,343 square feet. Built in 1980 and renovated in 2000, the hotel features 50 beds across its 42 keys and offers 125 parking spaces. The property is offered fee simple and is suitable for a 1031 exchange. An additional 42 units are potentially developable, utilizing 42,000 square feet of air rights. Current annual revenue is substantial, with significant potential for growth through the addition of planned amenities such as a casino, restaurants, and ballrooms. The hotel's prime location and strong market position ensure a stable investment environment with high returns. Detailed financial projections are available upon request. This is a unique chance to acquire a large-scale, high-performing hotel in a thriving tourist destination.

    Property Features for 0 Heredia Province Costa Rica

    General Information

    Property type
    Hotels
    Square Feet
    136,343 SF
    Lot Size
    136,343 SF

    Building Details

    Year Built/Renovated
    1980/2000
    Buildings
    17
    Stories
    1
    Units
    42

    HighLights

    • Fully operational, 42‑unit hotel in Heredia Province, Costa Rica; 100% occupancy; 17 buildings on 3.13 acres (136,343 sq ft); 50 beds, 125 parking spaces; built 1980, renovated 2000; fee simple; 1031 exchange eligible; 42,000 sq ft air rights for potential expansion.
    • Strong market position in Costa Rica's luxury hospitality sector, catering to leisure and business travelers.
    • Diverse revenue streams from event spaces, restaurants, and recreational areas, minimizing seasonal fluctuations.
    • Expansion potential through adding studio accommodations to meet growing demand.
    • Prime location near attractions, universities, airports, and business centers, ensuring high visibility and accessibility.
    • Proven track record of exceptional guest satisfaction and positive reviews.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    San Rafael
    County
    Marin
    State
    California

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    FAQs

    What type of property is this?
    Hotel - Luxury Hotel, 42 Units, 100% Occupancy
    Where is this hotel located?
    The property is located at Heredia Province Costa Rica San Rafael, CA.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: Fully operational, 42-unit hotel in Heredia Province, Costa Rica; 100% occupancy; 17 buildings on 3.13 acres (136,343 sq ft); 50 beds, 125 parking spaces; built 1980, renovated 2000; fee simple; 1031 exchange eligible; 42,000 sq ft air rights for potential expansion.; Strong market position in Costa Rica's luxury hospitality sector, catering to leisure and business travelers.; Diverse revenue streams from event spaces, restaurants, and recreational areas, minimizing seasonal fluctuations.
    Request Owner's contact information
    Heredia Province Costa Rica San Rafael, CA 00000
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    Heredia Province Costa Rica
    San Rafael, CA 00000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Heredia Province Costa Rica San Rafael, CA 00000
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