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Fantastic hotel and development opportunity

Prop. ID# 430 Price: $13,000,000 Location: Atascadero Floors: 2 Beds: 51 Baths: 51 Land: 9.25 ht. 22.85 acres - adjoining lot 10.8 ht extra Const: 6,500 m2 (70,070 sq. ft.) Email us about this listing Agent: Philip Hardcastle 044.415.153.9520 Cell Office Tel: 415-185-8311 Salida a Celaya #27 San Miguel de Allende, GTO 37700

In my opinion this hotel has more immediate and long term income potential than any other commercial property in San Miguel. Although it has had little or no marketing for several years, it still maintains a respectable occupancy rate, which speaks to its desirability.

An investor could easily update these rooms and gardens for minimal expense and have a grand get-a-way. Marketed in the traditional hotel portals and venues, it has enormous potential.

It is only a 20 min. walk or short shuttle ride to Centro, but far enough out to avoid the, noise, buses and fumes of a Centro location.

Of all of the properties I´ve seen, this is probably one of the best maintained. Even some of the bathrooms that are 60-years- old are still in very good condition.

Construction of this hotel was in phases from the late 40's through the 80's.
Visited by Diego Rivera, Gabriela Mistral and Amado Nervo in the 50's, this hotel is rich in history.

Features:

51 rooms for 150 people.

Master Bedroom: Jr. and Master suites include living rooms and balconies/terraces, as well as additional beds/baths.

Guest Bedroom:51 fully furnished rooms in total with wood-burning fireplaces and t.v.’s

Convention/meeting room with a capacity of 20-150

There is also a restaurant with seating for 150 and a large commercial kitchen.

3 bedroom 3.5 bath owner's house is also located on the property.

The hotel property (9.25 hectares) and the adjoining 10.8 ht. lot include approval from SPASMA for between 100-200 water connections. The hotel sits on approximately 3 of these hectares, so it is possible to purchase just the hotel and grounds without the rest of the land for development, or keep it all.

Realty San Miguel de Allende Listing 430	Pool area	Restaurant	One of the many beautiful courtyards	One of the buildings that houses guest rooms	Outdoor Sala	Event hall
One of the guest rooms	One of the guest rooms	One of the many outdoor areas	Grounds	An interior courtyard	Typical bathroom	Typical bathroom in the oldest section
Fronton court	Bar

Features	Services
Pool or Plunge Pool Jacuzzi Courtyard Boveda ceilings Terrace	City Water Electric City Sewage

All real estate listings are believed to be represented accurately. However, these details are intended as a guide and do not form part of a contract. Buyers should satisfy themselves as to any information contained therein. Copyright, Realty San Miguel, 2006 - 2010. San Miguel de Allende, Guanajuato, Mexico