The Real Estate Book

Property Description

This property is located on the East end of the Malecon in Puerto Plata only 15 minutes from the Puerto Plata Airport, directly across the street from the beach.

The Dominican Government is currently aggressively promoting this area and will be very ameniable to all new tourist projects and renovations of existing projects.

This hotel complex is not currently operational, however the Casino is leased (this lease may be cancelled with only 90 days notice) and currently operational.

The Tourist Complex contains the following:
? Casino - full license to be sold with the hotel

? area to the right where the tennis courts they are found and workshop in 8,819 M2 and 3,379 M2, occupied by parking and generator.

? uncultivated area includes 1 park and tennis courts of around 2,000 M2.

? Caf? and facilities on beach front on other side of the avenue in lands owned by the City Hall used with its consent. The land is owned by the City but the improvements on the beach are owned by the hotel

? A pool in good conditions.

? Restaurants

? Bar pool

? Record Store

? Parlors for social activities

26 of the 1 bedroom apartments are privately owned, these titles are not included with the sale of this hotel

There are a total of 192 apartments which contain 216 rooms, of the total of the 192 apartments there is 168 of single rooms and 24 - 2 bedrooms.

Total Area of Apartments??...??.12, 600.91 Mts. 2

Total Area of Buildings?????.16, 772.91 Mts2

Total Area of the Hotel?????30, 665.50 Mts2

Total Area of the Casino??...?...1,200.00 Mts2

With the "newly renovated" Malecon, this is truly an opportunity not to be missed. Perfect for a condominium conversion project!!!

Brokered And Advertised By: Remax Ocean Side Realty - Dominican Republic Real Estate
Listing Agent: Lee Hammond