Field of Dreams Inn - Puerto Plata Business Opportunity.
Alberto Noesi my friend and owner of the Field of Dreams Inn called me this morning to see if I was interested in taking the hotel over again. Since Randall who was managing the hotel for him has left for Jarabacoa and a more lucrative job he needs someone to take over. At 68 I知 too old because it is a 24/7 job.
His offer was to rent the hotel at $5,000.00us per month on a two year lease. Then the $120,000.00us could then be applied as 16% down payment towards the purchase price of $750,000,00us. Good mortgage terms on the balance. I estimate the hotel replacement cost of close to a million.
I know from when I ran the place (myself plus 7 employees) he痴 way over what the hotel needs at 22 employees. I needed 4.5 rooms of the 12 (40% occupancy) a night to make all my expenses, mortgage, utilities and wages. My estimate is you値l need 7 rooms of the 20 which includes the 6 suites (35% occupancy) to meet rent, utilities and wages. You have to be a hands on, live in manager.
Anyone interested just contact me at [drhotel@gmail.com]
William (DominicanBilly) Lane
Cell #1-829-432-4503
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