About This Property
Hotel Popoyo was a cornerstone hotel in the Popoyo area for from 2006 - 2019 when it closed its doors in early 2020 due to the world-wide COVID pandemic. During the time it was open, it was the most popular hotel and restaurant in Playa Guasacate and has incredible reviews on Trip Advisor, Facebook and ever other media outlet it is posted on.
The hotel consists of a total of 9 rooms - 5 boutique suites near the pool and garden, 3 private rooms on the 2nd floor and 1 apartment on the 3rd floor. The kitchen and restaurant are located on the first floor of the main building and this space opens to a large palapa area with additional restaurant seating near the pool. There is a separate reception building between the parking lot and hotel building that also features a storage room for the hotel operations. The swimming pool features a wet deck that is perfect for sunbathing and for younger kids to play while rest of the pool allows for wading and swimming. There are 3 pool palapas for guests to use for relaxing, eating, enjoying a cocktail or taking a dip in the pool. The 5 boutique rooms are detached from the main building and feature spacious rooms with their own bathroom and a private walkway.
The property is in need of maintenance and repairs, but most are cosmetic in nature. All facets of the business are included - website, social media outlets, accounting, etc. - with the sale. In October 2020, the property itself was appraised to be worth about $650,000 and this did not include the value of the business. Additionally, there is undeveloped land measuring 940sq. mts. that is available and provides the opportunity for expansion.
The main 3-story building was damaged by a fire in early 2023, but the concrete shell is perfectly intact. This is why the owners have dropped the price by 60% from the original list price. With some TLC and good vision, this is a great opportunity for someone to restore a beautiful hotel and re-open the doors of a successful business.
Community Information
Popoyo is a very centrally located area in the middle of the countryside with access to lots of different beaches and surf. You will find you are always close to all of the local restaurants, bars and stores in the area and that both the local and foreign residents are very laid-back, friendly people. The area's surrounding pristine beaches provide a wide variety of world-class surf that include points, reefs and beach breaks.
REDUCED 60% for a quick sale!!!
Great opportunity to remodel and re-open an iconic hotel!
Property Details
- 5 boutique suites
- 3 private rooms
- 1 apartment
- Restaurant & bar
- Large swimming pool
- Reception building
- Private parking
- Water pressure system
- Room for expansion
Interior Details
- Hardwood furniture
- Natural cane ceilings
- Aluminum windows
- Ceramic floors
Appliances
- Kitchen equipment
- Laundry equipment
Directions
