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Hotel Residencia Villa Caribe.


The business consists of a 2920 Square Meters plot of land on the Bay of Juan Griego situated on the main highway between the commercial capital of Porlamar in the south and Juan Griego town to the north, with the capital of the state, La Asuncion just twenty minutes inland. The land is property of the company Inversiones Villa Caribe CA and the project is called Hotel Residencia Villa Caribe.

• Bar / Restaurant
• Swimming pool
• Scenic tropical gardens
• Reception and office
• Concierge apartment
• Security quarters (24 hours)
• Laundry facilities
• Car park
• Multi-gym
• Events / function room

The development consists of seven blocks of apartments of approximately 67 square meters. Each has views of the Caribbean sea across the Bay of Juan Griego, famous for spectacular sunsets. In the distance can be seen the historic site of El Fortin from where South America launched its campaign for independence. On the other side of the bay are spectacular views of the mountains of Macanao peninsular and the famous national monument “Las Tetas de Maria Guevara”. The complex offers tropical gardens to relax in, a swimming pool with adult and child zones, and for those that wish to enjoy of a different style a rustic bar / restaurant offering the guests the opportunity to escape from their own kitchen from time to time!

The apartments benefit from a principal bedroom with terrace patio, dressing room, en-suite bathroom, living / dining area, fully fitted kitchen, and multi-use room that can double as a study or maybe a sofa-bed for visitors.

The concierge has living space and plenty of office space for the administration of the resort, with the ground floor next door also allocated to admin and infrastructure activities such as a multi-functional events room, multi-gym, and employee facilities as necessary for a hotel of four to five stars.

Hotel Residencia Villa Caribe is;
20 minutes by car from the International Airport, 25 minutes from the International Ferry, and 20 minutes by car to Porlamar, the largest modern city on the island. To the northeast are beach resorts including Playa el Agua, Playa Caribe, Playa la Galera, Playa Zaragosa. To the south west are Playa el Yaque (famous for wind surfing), La Restinga national park, Macanao peninsula, and other attractions.

Services

Electricity – The Island’s electricity supply company has been approached for connection to the national grid.

Sewage will be dealt with by the installation of septic tanks and water treatment plants, including automatic watering of the garden areas. Water will be brought in by tanker.

Pricing structure

To be determined; at a value of 300 BFs per night for two people, 100BFs per person extra supplement, and at 50% occupancy the resort is profitable. For comparison three star all inclusive resorts are offering “walk in” reservations at around 150BF’s per person per night with single occupancy surcharges of around 50%.

Marketing and sales

Our targets are that the first year sees occupancy averaging 66% By the end of year 2 we expect the high season to sell out and a doubling of low season sales as the opportunity to sell to Europeans becomes apparent.

To develop this demand from Europe, and starting in the UK we have begun talks with First Choice Direct to get included in their future catalogue as a package destination. First Choice currently fly from Gatwick and Manchester direct to Porlamar and have recently struggled to find enough venues to fulfil their current capacity in spite of rising demand from the UK. Meanwhile we have been promised a letter of intention from Turaser, one of the biggest tour operators in Venezuela that they would expect to be able to fill the resort every high season, such is their confidence in demand on the Island.

One of the key features to be born in mind is that the bar, restaurant, and shop, as well as commission on sales of other holiday related activities, such as boat trips, Island tours, shopping excursions, etc. will generate healthy amounts of revenue for the company.

Tourist activities to be promoted on a commission basis;-

Jeep tours of the Island
• Tours of the national parks and mountains
• Duty-free shopping trips, mall, craftwork and flea markets
• Horseriding, Motor boats, jet-skis etc.
• Fishing trips and Island tours; Coche, Cubagua
• Excursions; Canaima, Angel Falls, Los Roques etc.
• Car hire, Quad bikes, Cycling etc.
• Dancing and music festivals

Business opportunity on offer

The sale includes:
• The company Inversiones Villa Caribe CA
• The 2920 square meters plot of land
• Permissions now granted
o Technical factibility from the Ministry of Tourism with a group B recommendation of credit at the most preferential rates available
o Technical factibility from the local mayors office
• Ante-project with the Ministry of Environment
• Legal document giving right of access from neighbouring land
• Architects plans in ante-project phase
• Business and administration plans for the hotel resort

Price two million eight hundred and seventy-five thousand Bolivares Fuertes (2,875,000 BFs)

 




 

 

 
 



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