Commercial property for sale in San José, Upala

Key facts

About this property

Hotel Rincón de San José is a three-star property featuring 44 rooms, situated just 400 meters from Parque España and the National Culture Center, in the cultural and historic center of San José. Each guestroom includes a private bathroom, and the hotel offers an on-site restaurant along with common areas for guests. The location allows for easy walking access to museums, theaters, government offices, and various cultural attractions. The hotel has a well-established reputation and attracts a diverse clientele, including historical wholesale contracts, retail travelers, and a robust walk-in business from tourists, business visitors, and groups. The property operates under a commercial lease with an established operator, providing secure and stable rental income. This presents an opportunity for future repositioning to enhance long-term value. Accessibility is convenient, with the hotel located 10 km from Tobías Bolaños Airport. Financially, the sales price is USD 2,150,000, with an annual rental income of USD 210,000, translating to a monthly rental income of USD 17,500. The cap rate or ROI stands at 10%. This offering represents a turnkey investment, allowing for the acquisition of a centrally located hotel in San José with an active lease, generating immediate cash flow. The property benefits from its prime location, diverse market reach, and proven long-term demand, ensuring stable performance and strong appreciation potential.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Property details

Location

San José, Upala, Alajuela · approximate location