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Hello again!
We live in Quebec which is the french part of Canada, so english is my second language and my spanish is improving…but my wife speeks perfectly 5 languages and had already worked in Costa Rica for Barcelo selling villas in Quepos.
She is a general contractor, real estate agent and financial advisor and I work in sell for a bank and I m a lawyer as well.
We both worked in hotel and restaurants in our 20e..Our goal is to relocate and operate a small-medium hotel ang generate enough revenues to leave decently. We are in the 40… We have a 5 years old son.
We already visited hotels in different regions of Costa Rica (Puntarenas) and talked with the ownesr or managers in the summer 2013.
We met a lawyer in Jaco to get more infos, about regulations…
However, I`m just trying to get infos about the market in Costa Rica, which is our first choice. I didn’t talk about a specific hotel.
What I notice in general is that the price seems to be high (+100K a door)regarding the revenues. But it’s like everywhere else, sellers might be negociable!!!
Thanks again for you comments but beleive me we are serious in the process. We are convinced that we can be successful in our goal and dream!!
Hello Scott,
I’m glad that you take the time to answer me.
I look for an hotel to buy for more than a year now in different countries (Costa Rica (visited in summer 2013),Panama (next trip in december 2014 or Mexico (visited a few times). We are in the process to sell our properties here in Canada.
It is just that I see a lot of hotel for sale in Costa Rica and these hotels are on the market for more than a year or more. What I read is that the good time is gone to invest in Costa Rica for different reasons (economy, less expats advantages regulations ect)
My wife is a person of numbers and she scared that if we buy a million dollar hotel today, it’s going to worth a million or less in a couple of years.
We really like Costa Rica but we have a concern about the value appreciation!! Is the good time is really gone to invest in CR?
Thanks again Scott!
