Investment Opportunity Near The Beach

Description Cabarete Investment Opportunity This condo hotel is a fantastic Cabarete Investment Opportunity. Located in the heart of Cabarete and so close to the best kitesurfing beach in the world. On Cabarete Beach are many bars, restaurants, and clubs. Within walking distance are grocery stores, souvenirs, clothing, and everything necessary for tourists! The condo hotel is only 25 minutes by car from Puerto Plata International Airport. The total area of the property is 8,331 square meters, 24-hour security is provided, and there are three buildings with apartments and the condo hotel has 57 rooms in total. The 38 apartments are all sold and each owner pays a monthly maintenance fee between $180.00 and $375.00 The condo hotel has 64 titles which is the majority share! The hotel has 57 rooms in total and currently, 48 units are in operation. There are  30 rooms without kitchen;  2 rooms with 2 beds;  16 rooms with kitchens. All the rooms have a balcony. The common area has 2 large swimming pools, a children’s pool, and a jacuzzi. Furthermore, there is a reception building, a spa room of 86 m2, a bank of 86 m2, a shop, a restaurant with a capacity of 250 people, 2 bars, one of them by the pool, a VIP room in the restaurant, a conference room, a separate 200 m2 building with a complete apartment for an employee on the second floor and storage room. There is a building with 8 offices and 11 rooms for the staff. EXTRAS: Independent generator (240kW). WiFi and 300 MB. ALL OF THE ABOVE BELONGS TO THE PROPERTY WHICH IS FOR SALE The condo hotel borders an 18 km protected lagoon that extends the length of Cabarete and has many river channels that can be explored with kayaks, rowboats, etc. The views of the lagoon and mountain from the hotel rooms are very beautiful and no further construction is permitted in that area. There is a license for all tourist activities: restaurant, alcohol, casino, excursions. The hotel has great development potential. Message Me on WhatsApp