Costa Maya Four plex Hotel for sale

This is a newly constructed (Sept. 2001), free-standing, four-unit quality hotel, located directly on the Caribbean (with 120 meters on the water!) in the fishing village of Xcalak, Quintana Roo. Motivated seller is asking $460,000 (US). Approximately 1/2 acre of developable property could accommodate an additional 20 units.

Description:
This hotel is well situated with the Caribbean as its eastern boundary, a 600-acre lagoon behind the property and an inlet on the northern boundary that connects the lagoon to the Caribbean. From each room in every unit there is a magnificent view of the crystal waters of the Caribbean. Each unit is tastefully decorated, with private bath, kitchenette and satellite television.

ConstructionHigh ground and high-quality concrete construction (easily surpassing U.S. building standards) allow superior protection in case of tropical storms, and 2,000 square meters or 22,000 square feet offer considerable possibilities for expansion. Current density regulations allow construction of 60 units on the existing property. Xcalak itself, although now small, is expected to grow between 25% and 50% annually for the next several years due to the recent construction of a highway linking Xcalak with the rest of the peninsula and the imminent introduction of electricity to the town.

Access and Utilities:
T he hotel most likely to benefit from the new highway because it is the first hotel travelers encounter along the coastal road when entering from the new highway or driving from south to north. The hotel is currently completely self-sufficient using a combination of solar for main power and diesel generator for back-up power generation. Water is supplied via well and sewage is disposed of by septic system.

Highlights:

• Directly on the Caribbean with ocean views from every room in each unit
• 200 square foot terrace
• Privacy - literally located at end of road
• Turnkey operation with fully furnished rooms and satellite TV
• Completely self-contained complex, solar power with large diesel generator for backup (utility power coming soon)
• Well and septic system handle water and drainage needs
• Valuable location in the Costa Maya, Mexico's fastest-growing beach resort area, with 120 meters of waterfront and acerage for an additional 20 units

Natural Attractions:
Diving and snorkeling are phenomenal with a barrier reef located just 600 meters offshore. The renowned Chinchorro Banks, the site of hundreds of shipwrecks over past centuries, are just a short 1.5 hours away. The flyfishery is being developed with nice sized bonefish, permit and tarpon being caught. San Pedro, Belize, only 26 miles away, can be easily reached by panga in less than two hours.

Just off shore is the second largest barrier reef system in the world, stretching 1400 miles. Also 25 miles offshore is the atoll Banco Chinchorro, which offers pristine diving with beautiful coral and wrecked galleons from centuries gone by.

This is a great area for sailing, diving, snorkeling, fishing, kayaking, island hopping, bird watching or just relaxing in a hammock with a cool margarita in your hand.

Motivated seller, $460,000 (US)