Hotel for Sale in Bocas del Toro Province, Panama USD 2,600,000

HOTEL AND YOGA RETREAT WITH SPA AND BEACHFRONT BAR

Located at the end of the Bluff Beach road, where island civilization melts into pure nature, on the main island of Bocas del Toro where Bocas Town and the local airport are located (several daily non- stop flights connecting Panama City by two airlines).

THE RESORT

The Boutique Beach Hotel has eight luxurious guest units that are made of tropical hard woods, with hand crafted furnishings, and decorated beautifully in a Balinese style. Each room has a private, semi-outdoor bathroom and is surrounded by a blend of beautifully curated gardens and wild jungle. Some of the guest units have ocean and beach views, and all of them are only a few steps away from the amazing, four kilometer golden sand beach.

In addition to the sought after guest units, the hotel owns and operates a locally famous money-making beach bar (the only one at Bluff right on the beach) and pizza restaurant (wood-fired Italian), and a yoga platform/chill out area facing the in-ground, tiled pool (4×15 meters) and the beautifully landscaped gardens. There is also a Bali-style Spa with outdoor shower. The property has a workshop, laundry, storage, and a further land should you wish to add more rooms.

THE LAND

This 4,000 plus square meter property sits right in front of the beach with a lush rainforest jungle backdrop and is accessed via a dirt road 8km from town. Taxis and local buses provide full accessibility to this stunning location. This hotel is one of a few properties on this beach that has a title all the way down to the beach front.

In addition to the hotel, a large adjoining property consisting of rain forest and spectacular ocean views is also for sale for $1,300,000. It consists of 8 hectares of TITLED land and 4 hectares of right of possession land (a total of 12 hectares) connected to the hotel via a nature walkway and a partially finished road. The two properties, one on the beach and the other directly behind it, which are both owned by the same Panamanian Corporation. All up-to-date government permits are in place and and the business will be sold turnkey with all equipment, supplies, and infrastructure and management systems (including website and staff if desired) via the sale of the corporate shares. The resort has been operating for 12 years and is well integrated into the market and considered one of the top properties in Bocas and Panama.

THE BUSINESS

Hundreds of excellent reviews are proof of a thoroughly trained team, including a resident hotel manager and office assistant ensure top notch guest attention and smooth operation without owners’ presence on the property. This is augmented by fully on-line management systems (PMS with integrated Restaurant POS, camera systems) ensuring full owner oversight from anywhere in the world. The hotel is connected to mainland electrical power and has a large water catchment system.

The Bom Bom beach bar brings a steady flow of day-trippers, locals and patrons of near by hotels, extending the number of clientele considerably. Open to the public, and with full liquor licenses, the establishments can stay open until 3 am, later than any restaurant, and the only choice for a night out on this end of the island.

The property was officially appraised in 2018 for 2.3 million dollars. And the sellers will consider owner financing for the right candidate.

THE COMMUNITY

The Boutique Hotel and its Beach Bar are located in an area of Isla Colon which is quickly developing. Isla Colon is the main island of the Bocas del Toro Archipelago, where you will find the colorful down town strip with Restaurants and Bars and conveniently, the local airport which services direct flights to Panama City. This main island is undergoing big infrastructural changes! Hydro electric power has reached the island and the hotel is now connected, a great new addition to this previously off grid establishment. Other infrastructural changes to island include a massive road project which will smooth the island’s roads and create bike lanes on either side. The current sandy road which access this far reach of Bluff Beach will be relocated behind the hotel, making the beachfront even more of an exotic paradise.