Hotel for Sale in Tilaran, Costa Rica

- Designed after the Palace of Knossos (on Crete), this steel-rebar reinforced concrete hotel is safely nestled on a hill overlooking a lake and was built to last in 1992.

- The building continues to stand the test of time and is in great condition (while some rooms are in need of updating).

- The hotel’s deep red and yellow ochre columns frame the surrounding lush greenery and breathtaking views of the lake.

- The hotel has an economic break-even occupancy rate of 20%. With the rooms, pool, laundry facility, the LAB's solar hot water and solar photovoltaic panels, operational costs are extremely low.

- Recently the owner added a 26.4-kilowatt grid-tied solar power system on the main building’s roof, making this hotel 90% solar powered. In addition, seven evacuated-tube solar hot water collectors now provide all the hot water needed for the hotel.

- Year-round 8-gallon per minute natural spring provides ample water which after pasteurizing, supplies the hotel’s on-site brewery for free, while piped city water supplies guests with high-quality drinking water right out of the tap.

- The hotel’s surrounding 10.98 acres have been kept free of pesticides and agrochemicals since 1991.

- There is ample room for greenhouses and additional food production.

- Hotel’s well-established landscaping, including many flowering plants and magnificent trees, is also home to families of white-faced and howler monkeys, as well as an array of flora and fauna.

- Hotel, like all hotels/bars/restaurants in Costa Rica, was closed in early March 2020 due to the pandemic.

- However, this was the very first hotel in Costa Rica to re-start live music events, while being in compliance with the Costa Rica Ministry of Health Covid guidelines.

- Company's live shows began with some of the biggest reggae and techno DJs in Costa Rica, plus some international DJs then added singing and live band performances, which filled the hotel every weekend since the onset of the pandemic and forever endeared business to the many previously unemployed musicians, sound, and light professionals.

- While business's bar and restaurant sales remain strong with regular weekly live music events such as Taco Tuesday, and still the occasional Saturday night with big-name DJs and a cover charge, weekday room rentals remain a challenge and would benefit greatly from a permanent special attraction.

- The beer revenue has consistently been better than the lodging during Covid-19.

- Company expanded keg beer sales of our eight ales to third-party bars in Jaco, Nosara, San Jose, and La Fortuna, and added 1-liter bottles “to-go” at the brewery.

- The ubiquitous 1liter (32oz) glass beer bottles are recovered from municipal recycling centers and are cleaned, sanitized, and re-branded on site for pennies.

- The brewery is setting the standard as the most environmentally conscious brewery in Central America and is one of the few breweries using returnable bottles in Costa Rica.

Hotel with rooms, pool, laundry facility, the LAB's solar hot water and solar photovoltaic panels. There is a combination of four-bed and two-bed rooms, some with fireplaces, nine of which can be equipped with a kitchenette (some rooms are in need of updating).

The property also has a huge pool, jacuzzi, laundry room, tennis court, nature walks, local animals, lush gardens, a bar, restaurant, eating area, a fireplace, and a magnificent view.

Land, building, interiors, furniture, kitchen equipment, 26.4-kilowatt grid-tied solar power system, brewery, garden, flowering plants and magnificent trees.

This hotel is sold for the price of the infrastructure and the land and not necessarily for the ROI since if the performance is analyzed, it will be possible to see that the results have been low due to the global pandemic.

Just eight kilometers on paved roads from Tilarán, one of the cleanest towns in Central America, the hotel is 1 and 1/4 hours from the international Liberia Airport (LIR) via excellent roads; and 1 and 1/ 2 hours from the major tourist attractions of La Fortuna, Monteverde, Rio Celeste, and Arenal Volcano.

There are two duly inscribed lots totaling 44,435 sqm (10. 98 acres) at $10 sqm.

($1. 00/sq. ft. ) and 3,324 sqm (35,780 sq. ft. ) at $ 676/ sqm ($63 /sq. ft. ) of construction, all priced by the Banco Costa Rica appraisal (please see red-bordered lots attached). The hotel also owns all public road frontage of its access road.

The facility was built in 1992 and has an area of 35,780 square feet (0.98 acres). This is owned property with 2 stories & 21 rooms, a restaurant, bar, pool & jacuzzi.