Hotel boutique for sale in Zona Colonial, Santo Domingo, Dominican Republic with 8 bedrooms with the possibility of building more rooms, and an extension with a long-term rental contract.

currently has 17 rooms in operation

17 bedrooms, plans submitted to build 4 more
• Pool with Swimjet, jacuzzi and roof garden
• Set in historic colonial buildings
• Solid trading history since 2013
• #1 small hotel in Santo Domingo on Tripadvisor
• Extremely high occupancy (88% 2023 t/d)
• Fully staffed, bilingual experienced team

Adult-only boutique hotel set in historic buildings in the Colonial Zone of Santo Domingo. With an average daily
rate of around US$ 100, the hotel is a popular choice with visitors coming on a short-stay to visit the Colonial
City, visit friends or do business. Occupancy is very high year-round and the hotel is full or nearly full every
night. The British owner wants to sell and retire.
The hotel is set in three buildings joined together. One of these is included in the sale and is approximately
600M2, with 8 bedrooms as well as the pool, roof garden and jacuzzi. Plans have been drawn up and permission
requested to build 4 additional rooms in this building. The other two buildings are both rented on long-term
agreements which provide first-option to buy if the buildings are sold. These buildings collectively have 10
bedrooms (1 which is used by the night staff).

Key Stats for 2023
Turnover: $145,000 Jan-Jun, $353,000 predicted full year
GOP: $ 56,000 Jan - Jun, $121,000 predicted full year
Margin: 38% actual ytd
ADR: US$ 102 actual ytd
GOP: US$ 850 per room per month actual ytd
Occupancy: 88%

There are two areas where the business can be grown and
profit can be substantially increased. Firstly, the majority of
bookings come from OTA’s such as Booking.com and Hotels.
com, collectively charging around 25% of revenue, some
US$ 5,000 per month. Digital marketing to attract direct
reservations and a much stronger direct online presence is
essential. Secondly, drinks sales are very low and there is
significant scope to increase sales to non-residents, such as
day passes, barbecues, events. Action in these areas will
substantially affect profit levels.