Income Producing Hostel in Placencia

ASKING PRICE: US$874,000

The Royal Rat Hostel in located just off the main road about 10 minutes outside of Placencia Village. The land was bought in 2019 and in 2021 the owner’s vision of the hostel started to unfold.

It is located on 0.27 acres and consists of three buildings, the owners private one bedroom home with a private full bath, a two bedroom home and the hostel building. There is a communal kitchen and lounge area with high tables and a couple of sofa’s for relaxation while watching Netflix or just chilling out. The Hostel building consists of four main bunk rooms, two being mixed dorms, one being a ladies dorm and one being a gents dorm. The hostel building offers a Ladies shared bath with private showers and a Gent’s shared bath with private showers.

There is also two private bedrooms located in the same building as the dorm rooms. The 2 bedroom home is a self-contained cabana that sleeps 6 people and has a private kitchen, bathroom and living room, built high allows for additional space below to enclose for more hostel bunks or private rooms.  The common grounds have an awesome swimming pool and bar with a shaded lounge area, hammocks. The eastern part of the property is empty allowing space for many additional dorm style rooms or private cabanas if you one prefers that style.

This property has proven to be a great income generator, even thou it is open only during peak season or about 5-6 months a year. It is also showing about 50% occupancy a good step above the standard for the area.