Thread: 18 Suite Oceanfront Hotel for Sale in Buzios Brazil

This Oceanfront Hotel is an 18-suite waterfront property located on a 3260 square meter parcel directly on Manguinhos Beach in Buzios, RJ, Brasil 28950-000. The Hotel is listed for $2.5 million US Dollars and will be delivered "fee simple" and free of any management or franchise encumbrances. 5% commission.
Buzios is the premier beach resort in the State of Rio de Janeiro, and is only a 2 hour drive from Rio de Janeiro's international airport.
The Hotel was one of the first top hotels in Buzios when originally constructed in 1981. The Hotel was renovated in 2008. Features include swimming pool, sauna, waterfront bar, waterfront lounge, free wi-fi, cable TV, laundry room, 24-hour manned security, and 15 parking spaces.
In addition, two homes are included with the property - a 3 bedroom/2 bathroom house adjacent to the main hotel building and a 2 bedroom 1 bathroom home.
The Hotel has been improved and repositioned to a more upscale market of guests from Brazil (Rio, Sao Paolo and Belo Horizonte), Argentina, South America, and Eurpore (Spain, UK, Portugal, Germany and other countries), primarily. A new buyer would have additional upside potential by investing more into marketing more aggressively. This is more of an "asset play" purchase than a "cap rate" purchase, as the current net operating income is low relative to the property's long-term potential.
Given the incredible growth in the Brazilian and Rio de Janeiro economies, combined with the coming World Cup in 2014 and Summer Olympic Games in 2016, the region's hotel and tourist market will only continue to get better. This Hotel represents an excellent opportunity to acquire a first-class asset in one of the premier beach resort towns in all of Brasil
If you are interested in purchasing this property or would like more information, please contact me.
Sincerely,
Tien Wong