In a beautiful area at the foothills of the Turrialba and Irazu Volcanoes and very close to the Interamerican Highway, a beautiful natural property is waiting for you to build and operate an ecological hotel:
Hotel Project << Les Cascades >> (The Waterfalls)
This project is located in the beautiful province of Cartago, at the East Area of the Central Valley of Costa Rica in a country side and lush area called "La Estrella", which means "The Star". Not in vain the Project has the approvals as a 4 star ranked eco-destination
30 Acres of manicured land, all the permits needed and one of the most beautiful properties in the area are a perfect mix to have a paradisiacal eco friendly tourism destination that has all the permits needed to become a 40 room/villas hotel. A spa and relaxation center with natural trails in a exclusive 4 star environmental friendly concept and equestrian facilities with restaurant and special events/multiuse/conference room.
And the price... Just $2.150.000 makes this a real deal in a country where the ecological destination is a boom. !
A good political and geographical choice
Costa Rica, also called "Central America’s Switzerland" is known for its mountains, beaches and nature, for its political and economical stability, its peace and moderation ( an example of democracy since its origins ), and for the kindness and the education and health level of its population.
This country since the end of the 1980’s, is known for its strong tourist development because of the gorgeous wildlife and its protection of the natural environment ( the national parks and private reserves cover more than one third of the country ). It is well known as a top tourism destination.!
Project Description:
This project is located in an exceptional place surrounded by nature at +-1,600 meters (above 5.000 feet) height with an average yearly temperature of 20° Celsius (68° F) and only 40 minutes from San Jose, the Capital and 15 minutes from Cartago Province and 1 hour from the International Airport.
This is a NATURAL protected area of +-118.462 sqm2 ( 1,274,650 sq. ft ), aprox. 30 acres with a forest in one part, an abundance of fruit trees in another, and a river with pure natural and fresh drinkable water ( with certified analysis made by the National University laboratories ) which has been developed for taking care of the preservation of the flora and fauna of the region.
This small river that runs on the property has a beautiful 25 meters or -+ 80 feet. drop waterfall facing the tropical gardens of the proposed hotel site.
The three properties that include the whole project site have been surveyed completely, are titled, free and clear at the date of the transaction and some owner financing can be obtained. under certain agreed conditions, also registered in the name of a corporation "HOTELERA AMARINE CR S.A. " that has been set just for the operation of the hotel. Besides, has internal roads, some plots areas defined, horses stables, corral, pound, has electricity and telephone access and all the elevations, master plan, soil studies, electrical, hydraulic, sewer, water, construction and so on official and approved plans for the Municipality and the Institutions involved including the rigorous environmental and the Tourism authorizations... Normally to get this done takes a lot of money and at least three years to get this done.! .
All mandatory studies have been made on this project after 3 years of preparation work, ( biological, hydrological, geological, archeological, geophysical ) the construction architectural and engineering plans with 3D simulations and renderings are done with full respect of the ecological philosophy of our company blending the physical characteristics of the property with the Nature Preservation emphasis..
This sustainable project integrates itself with the natural surroundings that will earn the « 5 leafs » award presented by the ICT ( Costa Rican Institute of Tourism ) to the most nature respectful projects, with its community help program, its farm and organic vegetable garden that contribute to the recycling process of the human “ foot print “.
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This project complies with all of the biological and environmental regulations and is recognized by the Ministry office for Environment Issues ( SETENA ) that gave its seal of approval for the construction of the hotel complex (Viabilidad Ambiental ).
This Project already has a very important legal designation called the “declaratoria turistica“ , that classifies it as a Tourist Project, and is expecting the next step which is the seal of the contract called “Contrato Turistico“ delivered by the ICT (Instituto Costarricense de Turismo) that provides important tax deductions, and a liquor license to new hotels who comply with their normal requirements since June 2.007
The equestrian stables are already built, presently operational and were awarded the agreement by the same ICT as an adventure tourism activity.
A good architectural and commercial conception
A Hotel complex proposal that includes :
- A small village of 18 independent +-140 sqm2 (1.500 sqf) villas ( Single room, mini or master suite, terrace, fire place and private Jacuzzi ) complying with the 4 star rating and an additional house of 4 bedrooms especially adapted for reduced mobility people ( for a total of 40 rooms ) For aprox. 2.700 sqf or 29.00 sqf.
- A fine French cuisine restaurant and bar 660 sqm, aprox. 7,100 sqf.
- A Conference or special events room with a 150 persons capacity.
- Circulation inside the project restricted for pedestrians and electric golf karts, offices and employees facilities, 112 sqm or 1.205 sqf.
- A 500 sqm2 (5.380 sqf) two stories SPA providing aromatherapy, esthetic, medical and relaxing massages services, including a sauna, an exercise room and a large relaxation area with a terrace and an indoor fountain, spa and yoga as well.
- A 200 sqm or 2.152 sqf meeting place opened to nature and to the waterfall, with a non stop food and drink service, where it will be possible to play various table games or just relax with friends.
- A already built equestrian stable with a house of 224 sqm or 2.410 sqf that complies with international adventure tourism norms of safety and maintenance.
- Many nature trails to discover the tropical plants spread out in this property, the kids games platform, and a trout pond for fishing adventure.
- In this property where nature is a priority, construction will be around 4,400 sqm2 /(47.300 sqf), which is only 37.% of the maximum 11,846 sqm2 (127.463 sqf) allowed for construction.
PICTURE GALLERY:
Click on picture to enlarge
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Excellent economic future
The studies have shown that
this modern type of development is the only one in this area of
Costa Rica, and
that with a conservative 50% occupation, strong benefits can be achieved within
the 1st year. (Market, operative and financial feasibility study (G.O.P.
) made on 2007 by specialist consultant HRS company.).
The project has all the market studies as well as the financials projections and investment programs. The estimation to complete the constructions with the actual design is around $2.5 million and program to complete equipment and start working and closing costs will aprox. $350.000.
A lot of investment has been made on the property and in all the plans, authorizations, surveys, so, anyone interested will save some years in the process. In general to purchase the property and build and have working capital around $5.0 million will be the total investment. For the first year positive return will be expected under the circumstances described in the financials with a ROI above 12% and will increase year by year. The recovery investment period will be around 8 years which is very good for a hotel specially if you have in consideration that the average overall cost of the room will be $125.000 aprox.
A copy of the documents and studies will be provided to qualified buyers so they can run their sceneries and perform the due diligence.
Summary of a great future
- The quality level of this 4 star hotel concept and its range of services
- The proposed property is just 5 minutes away from the Pan-American highway (Number two) and the connecting road is scheduled to be paved by the Ministry of Public Works ( MOPT ) that connects San Jose and the Central Valley with the South of Costa Rica to the Panama border.
- Costa Rica is strong and is expanding its attraction for international tourism
- The proximity of San José and Cartago, the two main cities of this country on the area of La Cangreja and La Estrella.
- There is an absence of competition in this area despite the strong tourists attraction sites like volcanoes, Cartago cathedral, national parks and various adventure activities ( this area is frequented by 383,000 tourists per year )
- Large international industrial and technology companies are located in close proximity and there are no accommodations available for executive needs
- The natural beauty of this project is incomparable! Here some more pictures:
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Cartago Basics:
Cartago Province or state lies on the eastern side of Costa Rica's Central Valley: the Caribbean side of the Continental Divide, southeast of the capital city of San Jose.
The countryside is dominated by the Reventazón River valley and the surrounding high mountains; Irazú and Turrialba Volcanoes to the north and the Cerro de la Muerte and Mount Chirripó to the south.
The first church built in Costa Rica was constructed during the 1560's in the
Valley of Ujarrás near the Reventazón River.
The Basilica is the object of extensive pilgrimage and visitation by about 1.5 million believers throughout the country, many of whom join in the celebrated 22 kilometer walk to the basilica during the romería, though people can start the pilgrimage from anywhere they want. www.wikipedia.org
Some of the country's best whitewater rafting tours start on the highlands rivers of Cartago Province: The Rio Pacuare, Tuis, Pejibaye, the Rio Macho and the Rio Grande de Orosi.
Driving out of the city of San Jose and through Cartago on the Interamerican
Highway takes you along the route of the Cerro de la Muerte, through Costa
Rica's tallest mountains. Touring this area by car gives vacationers the same
opportunity to see some of Costa Rica's endemic birds, flora and fauna as a
climb of Mount Chirripo, The "Cerro Chirripo" is the tallest mountain in Costa
Rica. It stands at 3,832 meters above sea level. On clear days, half of the
country and both oceans can be seen from the summit
This peak belongs to the Talamanca mountain ridge that forms part of the "La
Amistad National Park" which comprises a large span of mountain forests and
valleys extending into Panama.
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With a well developed highway infrastructure extending from San Jose into the far
northern part of the country, Cartago Province is a popular vacation
destination. Lodging varies from large chain hotels to intimate luxury B&Bs.
Like: Albergue Hacienda Moravia de Chirripó, Turrialba
www.haciendamoravia.com
Rancho Rio Perlas, Spa and Resort:
http://www.hotelcasaturire.com in Turrialba
Birding in this region is popular, as your chances of seeing a rare Resplendent Quetzal at any time of year are exceptionally good. Other tourism activities include waterfalls, canopy tours, volcanoes, bird watching, and nature guides.
The orchids at Cartago:
The Orosi Hydroelectrical Dam in Cartago:
Cartago is a
province of Costa Rica. It is located in the central part of the country.
Bordering provinces are Limón to the east and San José to the west. The capital
is Cartago and it was formerly the capital city of Costa Rica. The province
covers an area of 3,124.61 km² and has a population of 461,163. It is subdivided
into 8 cantons. It is connected to San Jose via a four lane highway. Industrial
and agriculture are mainly the activities in this fertile area. There is
also a lot of water in different ways, including the Represa Cachi at the
Orosi Valley that produces also electricity.
Capital: Cartago
Population: 432,395 (2000)
Area: 3,125 km²
Cantons - Capital
* Cartago - Cartago
* Paraíso - Paraíso
* La Unión - Tres Ríos
* Jiménez - Juan Viñas
* Turrialba - Turrialba
* Alvarado - Pacayas
* Oreamuno - San Rafael
* El Guarco - Tejar
Cartago Maps:
TAPANTI CARTOGRAPHICAL:
CONTACT US:
or CALL ME AT 506-83-91-50-88
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| Member of Costa Rica Real
Estate Brokers Board |
Recognized by Who's Who In Luxury Real Estate |
Certified International Property Specialist | Member of National Association of Realtors |
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