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Top Rated Hotel In San Jose For Sale

San Jose, Cariari (Airport 10 minutes), San Jose
Asking Price:
$2,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Top rated hotel, available. The hotel continuously scores in the top categories and has room for revenue growth with the 2018 arrival of the largest and newest convention center (see notes), golf, shopping, etc just steps away. The 34 room hotel and fully equipped restaurant incorporates all the features, services and staff that make it the obvious choice for out of town guest, business and convention guests or just a get away from San Jose. The buildings are well maintained, very quiet and is located adjacent in an upscale residential area along with many upmarket hotels.
This business comes complete with a fully trained staff, restaurant, reservation system, internet presence to run itself. Its a solid business with growth potential. Excellent Cap Rate, Speak to the Listing Agent for more details

Property information

Real Estate:

Real Property Included

Location:

The Hotel is located 7 miles to the main international airport and and also 10 to 20 mins depending on traffic to downtown San Jose and the counties business hub, Located off the service road to the Panam Hwy 1 along with many of the countries upper end hotel chains, it is blocked from the highway by newer two story condos giving this location the peace and quiet feel one would hope for. The hotel backs onto and is surrounded by on upscale residential neighborhood with amenities, golf, Hard rock cafe, shopping, etc

Premises Details:

The hotel is on a self contained lot with its own water supply (well)

Planning Consent:

Operates it own water well

Business Operation

Expansion Potential:

Firstly, In April 2018, The countries new 5,000 person convention center opened its doors. This hotel is situated approx 150 meters from a walking bridge over the Pan-Am Hwy directly in front of the Center. The facility is now booking future events and as the convention center meets its target audience over the next few years there is extremely high potential for growth in occupancy. The current average occupancy rate of around 66% will be increasing. Secondly, The Listing agent feels that because of the hotels openness and and tranquil atmosphere, there is good potential for growth in bringing in the local city crowd for 2 and 3 day get away packages, especially in the low season months. Being located so close to the city, I use it myself for that purpose as I don´t have to fight traffic home after a refreshing stay. The third potential growth area is in accommodating the ever growing expat community. As many expats, live in one and two bedroom condos and have trouble accommodating friends and groups of friends coming to visit or meet up for a few days of golf and tours. Most travelers find it much cheaper and convenient to fly into the San Jose area in the off months. Forth, the hotel with its multiple transport services can provide expediency to the growing medical tourism industry, It provides a quiet place to stay between dental appointments, etc as to hotel has a retired US nurse on call. This hotel with its experienced bilingual staff make the perfect hosts

Competition / Market:

Wyndham San Jose Herradura Hotel, DoubleTree by Hilton Hotel Cariari, Alameda Cariari, City Express, Country Inn & Suites by Radisson, Vista de Golf Hotel, Terrazas de Golf Boutique Hotel, etc

Reasons for selling:

Semi retiring, travel, etc

Trading hours:

365 day per year, 24 hours

Employees:
Approx 35
Years established:
Current owner 12 years

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner fanancing may be available with a substantial down payment

Contact Information

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