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ME Hotel in Montanita Estates: Very Lucrative Business Opportunity

Montañita, Manglaralto, Santa Elena, Santa Elena, Ecuador

Basic Listing Information

Price
$3,500,000
Listing ID
CS2000008
Property Type
Hotel
Listing Type
Commercial Sale
Status
Active
Images
56
Beds/Baths
39/39
Beds
39
Baths
39
Location Type
Ocean-Vicinity, Mountain
View Type
City View, Jungle View, Mountain View, Ocean View
Total Lot Size
4,500.00 m² (48,437.40 sq ft)
Total Interior Area
1.19 ha (2.94 acre)

Listing Images

The ME Hotel in Montanita Estates resides on a lush hill overlooking the small bohemian surf town of Montanita, 2.5 hours from Ecuador's largest city and commercial center, Guayaquil. Montanita and the surrounding small pueblos, Olon, Manglaralto, Curia, San Jose, Las Nunez and Entrada have since the late mid - 90s been a tropical escape from the hustle of Guayaquil as city dwellers discovered its pristine beaches and world class surf since named, La Punta. As more Ecuadorian's visited Montanita in the late 90s and early 2000s, the small town began to grow its reputation as a refuge for artisans and surfers to live a bohemian, carefree tropical lifestyle. Since then Montanita has grown into a vacation destination for families seeking a beautiful beach, surfers from around the world for its world class waves, and artisans and partygoers for the tropical vibe and party atmosphere that often does not end until 6 in the morning. Montanita Estates opened its first building, Nexpa, in February 2013. Since 2013, we've expanded with 6 more buidlings 20,000 sq. ft of rooms. As part of our commitment to nature and preserving the rustic appeal of Montanita we've committed over 2 acres to our beautiful tropical garden, two pools, two jacuzzi, and rustic restaurant and Wine Bar, Twing Fin as well as a pool side tiki bar, Brawa. Montanita Estates is the only private community inside Montanita and is perfectly positioned on a hill overlooking the town, close enough for just a short walk to the heart of the town, but far enough away to have a good night's sleep.

See what the agent says about this listing (original title and description):

Very Lucrative Business Opportunity

The ME Hotel in Montanita Estates resides on a lush hill overlooking the small bohemian surf town of Montanita, 2.5 hours from Ecuador's largest city and commercial center, Guayaquil. Montanita and the surrounding small pueblos, Olon, Manglaralto, Curia, San Jose, Las Nunez and Entrada have since the late mid - 90s been a tropical escape from the hustle of Guayaquil as city dwellers discovered its pristine beaches and world class surf since named, La Punta. As more Ecuadorian's visited Montanita in the late 90s and early 2000s, the small town began to grow its reputation as a refuge for artisans and surfers to live a bohemian, carefree tropical lifestyle. Since then Montanita has grown into a vacation destination for families seeking a beautiful beach, surfers from around the world for its world class waves, and artisans and partygoers for the tropical vibe and party atmosphere that often does not end until 6 in the morning. Montanita Estates opened its first building, Nexpa, in February 2013. Since 2013, we've expanded with 6 more buidlings 20,000 sq. ft of rooms. As part of our commitment to nature and preserving the rustic appeal of Montanita we've committed over 2 acres to our beautiful tropical garden, two pools, two jacuzzi, and rustic restaurant and Wine Bar, Twing Fin as well as a pool side tiki bar, Brawa. Montanita Estates is the only private community inside Montanita and is perfectly positioned on a hill overlooking the town, close enough for just a short walk to the heart of the town, but far enough away to have a good night's sleep.

Long Description

HOTEL OVERVIEW Hotel sits on ~ 4500 sq/meters of Montanita land with one owner on the Deed. Options to buy an additional 8000 sq/m meters adjoining. All ocean view land and 100 meters from the Central Park of Montanita. - Current Construction - 7 Total Buildings - 6 buildings 1800 total sq. meters of cement block finished in 2019, 1 additional building for Restaurant and Reception 200 meters Bamboo Construction - Total - 29 Doors, with 39 Bedrooms, 9 Living Rooms, 9 Kitchens, Furnished ● ● ● ● ● ● ● ● CURRENT CONFIGURATION 15 - Hotel Rooms - 450 Sq/m 14 Condos -4 - 3 Bedroom Villas 650 sq. meters with a 200 meter Penthouse -4 - 2 Bedroom Apartments 270 sq. meters -4 - 2 Bedroom Lofts -200 sq. meters -2 - 1 Bedroom Apartments 150 sq. meters 1 Gym - 50 sq. meters 1 Yoga Studio 50 sq. meters 1 Spa 25 sq meters 1 Real Estate office 25 sq. meters 1 Laundry 25 sq. meters 2 Bodega 25 sq. meters 2 Pools with waterfalls and lounge area 2 Children's Playgrounds 2 Jacuzzis Designated areas for secure parking ● ● ● ● ● ● ● ● BUSINESS OVERVIEW - 2018 Total Reservations - 2400 - Annual Occupancy - 65% - Total Room Nights sold - 5209 - Average Rate per night $85 (Hotel Rooms) - $155 (Villas & Condos) - Detailed Financials available with Non Disclosure Agreement - Currently listed on Booking, Expedia, Tripadvisor, Airbnb, VRBO, direct with website - 1500 total reviews on internet - 225,000 followers on Facebook - In business since 2013 constructing 1 building per year - Architectural and Financial Plans to double number of rooms and revenue in the next 5 years HOTEL PRICE: $3.5 mm ● ● ● ● ● ● ● ● OPTIONAL ● Owners House 350 sq/meters/5 bedrooms/6 baths/3000 sq. meters of land built in 2016 - PRICE: $650,000 ● Additional 8000 meters of adjoining ocean view land - PRICE: ​$1 mm Total for Hotel, Development Owners Houses - PRICE: ​$5 mm

Details
Number of Bedrooms 39
Number of Full Bathrooms 39
Total Interior Area 11,900.00 m² (128,090.02 sq ft)
Total Lot Size 4,500.00 m² (48,437.40 sq ft)
Number of Stories 3
Roof Type Metal
Floor Covering Tile
Construction Type Concrete, Concrete Block
Construction Status Completed
Year Built 2013
Year Remodelled 2019
Air Condition Type Split Air Conditioner
Furnished Type Fully
Pool Yes
Jacuzzi Yes
Parking Type Driveway, Guest Space(s), Parking Lot
Number of Parking Spaces 30
Geography
Location Montañita, Manglaralto, Santa Elena, Santa Elena, Ecuador
Country Ecuador
State Santa Elena
County Santa Elena
District Manglaralto
City/Town Montañita
Location Type Ocean-Vicinity, Mountain
Geographic Type Coast
View Type City View, Jungle View, Mountain View, Ocean View
Features
Interior Features Included Ceiling Fans, Eat in Kitchen, Game Room, Great Room, High Ceilings, Marble/Granite Countertop, Recessed Lighting, Sliding Glass Doors
Exterior Features Included Balcony, Covered Patio, Garden, Outside Seating-Area, Play Ground
Infrastructure
Street Access Type Paved Road
Type of Water City Water
Type of Electricity Public
Type of Sewer Public
Type of Internet Cable Internet
Type of Television Cable Television
Financial/Legal
Price per Air-Conditionable Living Area $294.12/m2 ($27.32/sqft)
Price per Square Meter $777.78/m2 ($72.26/sqft)
List Price $3,500,000
Ownership Type Personal

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Agent Information
Sean Seaman
Sean Seaman

Sean Seaman

Owner

Ecuadorian Coastal Properties

Phone:
+593 96-702-5846
Cell Phone:
+1 760-855-5700
Office Phone:
+593 96 702 5846
Agent Contact