Patrick
Having spent years helping international investors navigate Cali’s vacation rental market, I’m excited to present a unique opportunity. Two of our long-term investor groups are offering three of their most successful apartment hotel buildings for sale. These properties aren’t just buildings; they’re the result of years of experience, research, and a relentless focus on delivering exceptional guest experiences and strong returns.
Three Turnkey Apartment Hotel Buildings for Sale in Cali, Colombia
Are you looking for a decent-yield, hands-off investment in a vibrant, growing market? Look no further than Cali, Colombia – the world’s Salsa Capital and a booming tourist destination. We are offering a unique opportunity to acquire not one, but three fully renovated and profitable apartment hotel buildings in Cali’s most sought-after neighborhoods with plenty of potential for future appreciation.
Imagine owning a portfolio of premium vacation rentals, generating substantial cash flow from day one. These aren’t just properties; they are thriving businesses with established reputations and proven track records.
Here’s a glimpse of each opportunity…
1. Villa del Peñon: A Boutique Gem in El Peñon
- Location: Nestled in the heart of El Peñon, Cali’s premier hotel and gastronomic district.
- Highlights: 4-story building, 7 exclusive units, completely renovated in 2017. Walkable to top restaurants, bars, museums (Tertulia Museum, Cat Park), and the San Antonio neighborhood.
- Financials: Asking $2800 million COP (approx. $680.000 USD). Averaging a 75% occupancy rate with a stellar 4.94 review score on Airbnb. Annual revenue between $426 – $535 million COP.
- Unit Mix: Includes a variety of configurations, from cozy 1-bedroom apartments to spacious 2-bedroom suites with jacuzzies and balconies. Check out the individual Airbnb listings: Villa 101, Villa 201, Villa 202, Villa 203, Villa 301, Villa 302, Villa 401
- Quick Facts: Lot size: 147 m2, Building size: 464 m2.
2. Granada Executive Suites: Modern Luxury in a Prime Location
- Location: Situated in Granada, another of Cali’s most desirable districts, known for its vibrant nightlife and culinary scene.
- Highlights: 3-story building, 8 exclusive units, fully renovated in 2017. Close to Avenida 6 + 9 and the river boulevard.
- Financials: Asking $2700 million COP (approx. $657.000 USD). Boasting a 70+% occupancy rate and a 4.93 Airbnb review score. Annual revenue between $379 – $450 million COP.
- Unit Mix: Offers a mix of studios, 1-bedroom apartments with balconies, and 2-bedroom suites with jacuzzies and terraces. Explore the Airbnb listings: Granada 101, Granada 102, Granada 103, Granada 201, Granada 202, Granada 203, Granada 204, Granada 301
- Quick Facts: Lot size: 228 m2, Building size: 465 m2.
3. ERE Centenario Luxury Suites: Big Units & Unparalleled Elegance
- Location: Located in Centenario, a central neighborhood with easy access to shopping, the river boulevard, and the gastronomic delights of El Peñon, Granada, and San Antonio.
- Highlights: The largest of the three, with 12 luxurious units, interior design by Diana Becerra, renovated in 2021. A truly exceptional property in an A+ location.
- Financials: Asking $6000 million COP (approx. $1.460.000 USD). Maintaining a 75+% occupancy rate and a 4.94 Airbnb review score. Annual revenue between $724 – $952 million COP.
- Unit Mix: Features a range of options, including 1, 2, 3, and even 4-bedroom suites, some with two stories, terraces, and parking. View the Airbnb listings: ERE 101, ERE 102, ERE 103, ERE 104, ERE 105, ERE 201, ERE 202, ERE 203, ERE 204, ERE 301, ERE 302, ERE 303
- Quick Facts: Lot size: 584 m2 + 1 parking lot, Building size: 1219 m2.
The Common Thread: Why These Properties Are a Smart Investment
- Turnkey Operations: All three buildings are fully furnished and equipped with modern amenities, including water reserve tanks, Ubiquity internet, hot water recirculating systems, and air conditioning.
- Proven Profitability: Each property has a strong history of positive cash flow and high occupancy rates.
- Top-Rated Reputation: Consistently excellent reviews on Airbnb and Google Maps demonstrate a commitment to quality and guest satisfaction.
- Professional Management: The current operator, EXSTR Apartments (a reputable local vacation rental company with more than 6000+ positive reviews on Airbnb), can continue managing the properties seamlessly making it a completely hands-off investment.
- Legal Compliance: All properties are 100% legal and have all certifications up to date.
- Location, Location, Location: Situated in Cali’s most desirable neighborhoods, these buildings offer guests easy access to the city’s best attractions.
- Great price per m2: Not only is the price below replacement cost, a buyer will save the 24 months that it easily takes to develop a project from scratch. New projects targeted at the vacation rental market Cali are selling for $10-12 million COP per m2, close to a 100% premium to these buildings.
- Avoid complicated HOAs: By owning the whole asset you avoid dealing with neighbors in condominiums and homeowner’s associations that can cause problems for a smooth operation. Additionally, there are no fixed HOA fees to pay which severely diminish profitability.
- Obtain a visa to live in Colombia: A purchase by a foreigner of either asset will immediately qualify the buyer for a M-category visa with the option to live full-time in Colombia.
Technicalities
Each of the 3 buildings is owned by a legal entity known as a SAS – a limited liability corporation similar to a US LLC. In a transaction, either the SAS or the building can be acquired depending on buyers preference. The ERE Centenario Luxury Suites legal entity currently has a hotel license giving it a preferential 9% corporate tax rate for the next 5-6 years which is a substantial benefit.
Any non-resident foreigners interested in either of these buildings will most likely not be able to qualify for local financing.
Why Cali? Why Now?
Cali, long seen as the underdog in Colombia, is experiencing a surge in tourism, attracting visitors with its authenticity, proximity to nature, vibrant culture, music, and nightlife. The city offers a lower cost of living and a higher quality of life than many other major cities, making it an increasingly popular destination for both tourists, digital nomads and expats. Medical tourism is also on the rise and present further potential.
These properties represent a rare chance to capitalize on Cali’s growth and secure a lucrative investment in a thriving market.
Don’t Miss This Opportunity
These apartment hotel buildings are ideal for a cash buyer seeking an immediate yield and hassle-free investment in a dynamic and growing city.
For more details and to schedule a viewing, please contact me at patrick(at)exstr.co
Seize this opportunity to own a piece of paradise in Cali, Colombia! 💃🏾🕺🏽
