Beautiful Beachfront Hotel, Playa Hermosa, Santa Teresa

Santa Teresa
17 Bed | 17 Bath | 1.40 acres of land
$5,200,000 REF: 5965551
Property Type
Hotel
Bedrooms
17
Bathrooms
17
Lot Size
1.40 acres
Price
$5,200,000
Reference
5965551
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Slider Form
Property Type
Hotel
Bedrooms
17
Bathrooms
17
Lot Size
1.40 acres
Price
$5,200,000
Reference
5965551
Location: Santa Teresa, Costa Rica
Beautiful Beachfront Hotel Playa Hermosa Santa Teresa

Pranamar is a gorgeous, beachfront hotel and yoga retreat center, located on the white-sand beach of Playa Hermosa, Santa Teresa. The property has a magical feel to it, with 10 bungalows and villas set within dense tropical gardens and steps from the ocean. The hotel boasts good year-round occupancy rates and is a very popular destination with yoga retreat groups. They have a loyal client base, with guests that return every year. Located in a quiet cove on the southern most point of Hermosa beach, the location is spectacular. It is a short walk to the fantastic waves of Playa Hermosa or to the tide pools that become natural pools at the low tide. The hotel sleeps up to 38 people and has a total of 17 bedrooms, comprised of: 6 x 2-bedroom, 2-bathroom villas; 3 x 1-bedroom, 1-bathroom bungalows; 1 x 'Kula House' 2 bedroom, 2 bathroom house that sleeps up to 7 people. High Season prices range from $205 to $595 depending on the villa and number of guests. In addition to the 10 villas/bungalows the property has a large lagoon-style, salt-water swimming pool; a large yoga shala with capacity for approximately 40 people; a turn-key restaurant, as well as beach bar/bbq; treatment rooms built of bamboo on the beachfront; an office/reception and gift shop. The hotel is constructed out of Costa Rican hardwoods and bamboo. There are elegant finishings, including Javanese doors throughout. The hotel management runs the property with a particular focus on environmentally-friendly practices, which include the filtering and recycling of grey water for the irrigation of the gardens; only biodegradable soaps and products used throughout the hotel and restaurant; use of energy-saving light bulbs and appliances wherever possible. The land size is 5,685m2 (1.4 acres). Located in the Maritime Zone, the property has a concession valid through to 2024. In 2024 an application must be made to extend the concession for a further 20 years. This is a great opportunity to purchase a fully-operating, turn-key business in one of the most spectacular locations in the Santa Teresa area.

Ref
5965551
Price
$5,200,000
Status
Sold
Property Type
Hotel
Beds
17
Baths
17
Land Size
1.40 acres
Features
Beach Properties
Investment Opportunities
Luxury Rental
Ocean View
Water Views

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