5th Avenue Hotel with Restaurant for Sale in Playa del Carmen
Downtown Playa del Carmen
(Playa del Carmen,
Prime-location Hotel for Sale in Playa del Carmen
- Award-winning hotel with restaurant for sale.
- Type: Commercial
- Style: Other "Hotel"
- Bedrooms: 18
- Size: 8,611 sq. ft.
- Development Level: Built
- Lot Type: Irregular
- MLS #: PDC390C
Superb ocean-view hotel for sale in Downtown Playa del Carmen.
This magnificent hotel is an Old World Hacienda Style building located less than a minute's walk to the beautiful beaches of downtown Playa del Carmen.
Many activities are offered at and around the hotel, including Scuba Diving, Mayan Ruins, Nightlife, World Class Golfing, cosmopolitan cuisine... this location has it all!
The couple who owns the hotel is considering retirement and is looking for someone who will give the love that this property deserves. It truly has been Paradise for them and they can only hope it will be for a lucky someone else.
The Lot size approx. 3713 sq ft (345 m2)
Building size approx. 8611.13 sq ft (800 m2)
This prime location development has 18 rooms and is a top 20 hotel out of 239 hotels on Tripadvisor.
This hotel for sale in Playa del Carmen runs conservatively at a 46% occupancy rate with an ADR of approx. 105 a night with approx. 322k in sales and has room to grow.
80-90% of sales are USD.
It has a great following with many repeat guests that return several times a year and some other guests even more.
There is a 3014 sq ft (280 m2) beautiful rooftop with a bar and a 915 sq ft (85m2) wood terrace with a 753 sq ft (70m2) Palapa all with spectacular views of the Caribbean Sea.
The restaurant has 90 seats and is currently among the Top 50 restaurants in Playa del Carmen out of 1,223 restaurants on Tripadvisor.
Approx. 25-30% local business many returned guests, and many guests who are on vacation dine with us several times while here.
The kitchen has many new quality major appliances.
Streetside tables have a view of the Caribbean Sea.
POTENTIAL GROWTH for this Hotel for Sale in Playa del Carmen:
Hotel running 75% with no rate increase would produce 517k per year.
Bring up ADR 10 would increase sales by 50k bringing potential to 567K.
It is also possible to go up another 2 levels add 16 more rooms, but I feel it is better to run the restaurant for a few years then go up.
This is a magnificent investment opportunity in Playa del Carmen! Contact us now for more details or to schedule a showing.
Hotel for sale in Playa del Carmen with an attached award-winning restaurant.
Walking distance from the beach.
Huge growth potential.
Excellent location downtown.
- City Lights
- Water View
- Controlled Access
- High Speed Internet Available
Information is deemed to be correct but not guaranteed.