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Hotel in Independence — Firesale Price

Independence, Belize
US$325,000

Description

Buy a hotel at pennies on the dollar!

Cardies Hotel Restaurant and Bar began as a restaurant in 1991, and after several successful years evolved into the most successful hotel in the region. With no true competition in the market, Cardies was the accommodation of choice for all business travellers, tourists and foreigners. With the majority of bookings coming from larger groups, the potential for expansion is real and with the development of Malacate beach by Norwegian Cruise lines minutes away, an increase in demand is imminent.

Located on the main highway in Independence at the center of town, Cardies encompasses 1.2 acres of road front land with three buildings occupying only a small percentage of the property offering a potential for pool, additional buildings, gardens or other service and amenities.

There are currently 4 structures : one two story concrete/wood building with main office and storage on the ground floor and the restaurant/bar on the second floor covered with indigenous thatch roof.

The second  is a 2 story concrete structure with 10 hotel rooms and the third, a single story structure with 2 additional hotel rooms for a total of 12 rooms.

Independence is a quiet undeveloped town strategically situated on the mainland directly across Placencia and next to Big Creek port.  The Norwegian Cruise line development in the region will undoubtedly drive local economy and demand for quality lodging. Outstanding potential… get in at the bottom!!

In recent times, business has slowed for Cardies, as the owner has experienced management issues and can no longer run the business himself,  Some upgrades would be welcome and a new owner youthful vigour.

 

• Central Location
•  Little competition.
• 12 rooms
• 1.2 Acres with road frontage

Detail

Updated on February 10, 2020 at 4:38 am

  • Property ID: 10971
  • Price: US$325,000
  • Property Type: Business, Roadfront
  • Property Status: For Sale
  • Address: Independence
  • City: Independence
  • State/county: Stann Creek
  • Country: Belize

Contact info

Chris Appelbe
Chris Appelbe
+501 615 7981cappelbe
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