Hotel Palma Royale – $1,450,000 – price reduced!

Price: $1,450,000

Location: Isla Colon, Bocas-del-Toro

Description:

The Hotel Palma Royale is for sale in Bocas Del Toro, Panama.  The Hotel is located 10 meters from the sea at a great, quiet location on Main Street, Bocas Town, Isla Colon.

• Registered as Titled property----Finca #8018
• Lot size 397m2
• Hotel enjoys Law #8 in a tourist zone. No property taxes, no income taxes.
• $450,000 plus in room sales-2016.
• Web page and reviews:

1. www.palmaroyale.com
2. Reviews on Trip Advisor

• Masterfully crafted and built to American standards. Resting on 36 inch caissons embedded into 15 feet of bedrock supported by solid steel Ibeam construction. Each floor is independently poured slab construction. Steel reinforced 6 inch 2500 PSI concrete. All perimeter walls are wood framed in pressure treated 2x6 pine framing. Roof is in concrete fiberboard with simulated Spanish style. All water for Hotel is sourced from rain collected from the roof and city water. - There is a 7500 gallon cistern built directly into the foundation with complete filtration, uv light, and reverse osmosis system. - 3 exterior (3000 or 5000) auxiliary rain collection tanks. - All guests are supplied with purified rain water. Hotel is sided with James Hardy fiberboard siding. Will never rot or warp. All doors and wood finishes are sourced from locally grown red cedar and hand crafted by local artisans. All bathrooms are tiled from floor to ceiling in travertine marble or cut corral. All exterior windows and doors are German made double paned of the highest quality. All exterior tile is slip-proof slate. All flooring, including all balconies are of bamboo, travertine marble or corral.
• Fully equipped restaurant and bar.
• Large work/storage area in rear.
• 15 rooms: 10 suites, 4 standard rooms, 1 penthouse
• Both sides of the Hotel are beautifully landscaped