Commercial For Sale in Sosua

•  commercial - $22,000,000 USD

Sosua, Puerto Plata  -  It is situated in an area with a prime devellopment of a marina and a golf course within just months from now.

It is a hotel with 240 rooms that is closed and needs remodelling.
The idea is to turn the hotel into 120 two bedroom apartments, with two baths, living room, dining room, kitchen, two balconies (living room and bedroom), since there are 10 blocks with 24 rooms each.
Elevator, laundry and drying area will be added to each block of apartments by floor.

As it is now, you can get the hotel for 22,000,000 US$. An official appraisal counts for 26,,000,000 US$, which means a 4,000,000 US$ saving.
The investment for the remodelling would be 8,000,000 US$ (Eight million dollars)

Finance Facility
Down Payment US$4,000,000
Two years to pay the valance

Property information