Boutique Kitesurfing Hotel in Cumbuco - Ceará, Brazil

Beautiful 24 Room boutique kitesurfing hotel in Cumbuco including a beachfront bar and a restaurant. Currently owned by a Brazilian company with two English shareholders. Extensively renovated with 6 new rooms added with new roof and landscaping. 30 mins from Fortaleza, 40 mins from International Airport. Hotel Operations: - New manager installed in January 2018 - Slovenian manager with extensive knowledge of hotel management - Complete overhaul of management operations - 16 employees 2018 - 2020 Revenues and profits demonstrate a return on investment of 15% Projections: - 3 Air France and 5 Arkfly flights per week - Weekly Norwegian charter flights - Weekly flights from the U.S - The hotel has an agency contract with Tui and reserves 6 apartments for their dutch tourists (mostly families with all-inclusive packages) on a constant basis. They could fully occupy the hotel with Tui clients if desired but prefer to keep a mix of an international and Brazilian mix of guests with a focus on kite-surfing and beach vibe. - Option to buy the company or property separately. - Down Payment of 20% on Contract - Balance payable within 60 days on the transfer of property. Other amenities: - Guest Facilities on-site - Restaurant - Bar - Swimming pool - Cable television - Garden - Air conditioning - Attractions and activities for guests in the local area - Beach and sand - Tranquility - Scuba diving, sailing windsurfing, surfing, water skiing, walking, mountain biking, horse riding, fishing - Nightlife, cafés, bars, restaurants - Owner facilities on-site - Owners accommodation - Off street parking - Outbuildings