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Fully Managed Hotel Room - Up to 10% Annual Yield - $ 69,000

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Located in the prime commercial and tourist hub of Espinar Colon, 10 minutes from the Panama Canal and the world's second largest free trade zone, the newly opened Best Western Hotel & Suites Zona Libre Colon is perfectly positioned to take advantage of booming accommodation demand in a major port area. With a current occupancy rate of 95%, and boasting a wide array of amenities including swimming pool, outdoor bar, gym and on-site restaurant, a suite in this new, modern and convenient hotel presents an unmissable business opportunity to the canny property investor.

A low-cost, hassle-free investment

With guaranteed tax-free income, no closing costs in the sale and all services and utilities including internet and telephone connections, cleaning and linen provided by the hotel, investment in this suite will generate maximum results with minimal input from the owner. Taking into account current room rates and expenses, a 10% annual yield is expected on the sale price, with significant appreciation expected as the area continues to grow.


Total investment: $69,000

 
Estimated Sales Projection:


24m2 room without Kitchenette:               $900.00/ month

100% occupancy means $10,800 per year

70 / 30 cut gives owner:                           $630 / monthly

Maintenance less                                      $ 58.00 / month

Electricity                                                $ 45.00 / month (Estimated)

Total per Month:                                   $525.00 / month

 
Return on Investment:


Yearly Income of $6,300 will represent on a $69,000 suite a 9.13% Return on Investment with a property that will appreciate in value every year.

 

A vibrant centre of industry and tourism

The Espinar Colon area is highly popular and convenient amongst local workers, business travellers and holiday visitors flowing from the nearby Panama Canal and the free trade zone of Zona Libre Colon, where companies from all over the world converge to take advantage of tax free goods. Canal workers are the hotel's primary clientele, and can occupy up to 100% of its rooms at any one time. Any free rooms are rented to walk-ins, of which there are plenty - as well as business-related arrivals from Zona Libre Colon, the hotel is only 10 minutes from the international port of Colon 2000, which received 340,000 tourists in the last tourist season. In addition, a new state-of-the-art hospital is under construction in the area, which should provide another source of continual business for the investment.

A modern and comfortable retreat

The Best Western Hotel & Suites Zona Libre Colon features all the modern conveniences and facilities typical of a reputable hotel chain, and has already proved hugely popular despite only being open for just over six months. Guests can get active in the gym, cool off in the pool, relax with family and friends in the on-site restaurant or one of two bars, and take care of last-minute work tasks in the business centre. Complimentary wi-fi is available throughout the hotel, while the individual suites feature plasma TV and memory foam pillows and mattresses.

Investment Characteristics
Fully Managed

Lifestyle Activities
Resort
Marina

Amenities and Services
Swimming Pool

Property Features
Internet Access

Fixtures and Furnishings
Telephone
Television

Key selling points:
Up to 10% annual yield
95% occupancy rate
Modern facilities
Popular tourist and business area
10 minutes from Panama Canal

PROPERTY FEATURES

Telephone Television Swimming pool
Property type: Bar, Hotel, RestaurantListing type: For sale
Business type: hotelCity: Gatun
Region: Colon regionCountry: Panama
Swimming pool: YesTelephone: Yes
Internet access: YesTelevision: Yes

FINANCIAL INFORMATION

Asking price: USD 69,000(change the currency)

Prices may or may not include extra charges like taxes, home improvements, agency commission. Always verify details with the owner or broker.

PROPERTY LOCATION

Directory: 

United States > Pennsylvania > Jefferson > Norman

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