Offered at $8M with ~$7M renovation budget. Eligible for ~40% tourism tax incentive on total project cost. Estimated effective basis ~ $9M.

Nest Seekers International Puerto Rico presents a hospitality redevelopment opportunity located in the Boquerón–Cabo Rojo coastal corridor, one of the fastest emerging tourism destinations on the southwest coast of Puerto Rico.

The offering consists of two adjacent, previously operating hotel properties — Bahía and Salinas — situated on approximately 170,000 square feet (≈ 4 acres) of oceanfront land on a private peninsula near the Faro de Cabo Rojo. The combined site includes multiple existing structures suitable for rehabilitation and repositioning as an upscale boutique hotel or resort-style hospitality project.

The properties are offered at $8,000,000, with estimated renovation costs of approximately $7,000,000, for a projected total investment of $15,000,000.

The project has not previously utilized Puerto Rico tourism incentives and may qualify for approximately 40% tax credits on acquisition and renovation costs, representing an estimated $6,000,000 incentive, reducing the effective capital basis to approximately $9,000,000, subject to approval and final project structure.

The proposed redevelopment contemplates an estimated 15-month renovation timeline, followed by a projected 60-month stabilization period, consistent with hospitality repositioning projects of similar scale.

Existing Improvements

• Approx. 170,000 SF site area (≈ 4 acres)

• Commercial use — previously operating hotels

• 12 existing buildings

• Structures ranging from 1 to 3 floors

• Existing guest rooms:

  • Bahía: 28 rooms

  • Salinas: 16 rooms

  • Total: 44 keys

• Three existing pool structures

• Existing utility connections and service areas

• Adequate on-site surface parking

Amenities & Facilities

Food & Beverage

• Oceanview restaurant & bar

• Room service capability

• Pool service areas

Event & Meeting Facilities

• ~4,912 SF indoor meeting / event space

• ~1,000 SF uninterrupted beachfront frontage

• ~7,500 SF usable beachfront event area

• Outdoor banquet / wedding / event potential

Marine Access

• Private dock with existing permits

Resort Infrastructure

• Multiple pool areas

• Existing hospitality layout across 12 buildings

• Previously operational full-service hotel complex

Investment Thesis

The Boquerón–Cabo Rojo market has limited quality hotel inventory relative to demand, particularly in the upscale segment.
The proposed repositioning of the Bahía and Salinas properties into a unified upscale hotel is supported by:

• Supply gap in southwest Puerto Rico tourism market

• Increasing domestic and mainland visitor demand

• Growth of luxury and eco-tourism in Cabo Rojo

• Proximity to lighthouse, beaches, marina, and protected coastline

• Eligibility for tourism tax incentives

• Existing hotel entitlements and structures

• Event, restaurant, and marina revenue potential

• Reduced development risk due to existing improvements

This opportunity is well suited for hospitality developers, private equity groups, family offices, and Act 60 investors seeking a tax-advantaged coastal project.

Transaction Summary

Disclosure

All information herein has been obtained from the property owner and other sources deemed reliable; however, Nest Seekers International Puerto Rico makes no representation or warranty as to the accuracy or completeness of the information. References to site area, building size, permits, renovation costs, tourism incentives, tax credits, and development potential are preliminary and subject to verification by the purchaser. Buyers are advised to conduct their own independent due diligence with qualified professionals and the appropriate government agencies.

This offering is confidential and intended solely for qualified investors and developers. Distribution or disclosure of this material without the prior written consent of Nest Seekers International Puerto Rico is prohibited.

Exclusively represented by

Nest Seekers International Puerto Rico | E-507

Ian Cahill | C-19208