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27904540
27904541

Carrera A Barra De Navidad KM 4.5, Barra de Navidad, MX

Lee & Associates - Miami
Scarlett Harper Commercial
Listed by Lee & Associates - Miami, Scarlett Harper Commercial
$28,000,000
227 days on market
Updated 86 days ago

Iconic Oceanfront Resort

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 211,274
Keys 160
Price per SqFt $133
Buildings 2
Stories 15
Investment Type Stabilized

4-star Beachfront Resort | Costa Sur Resort 160 Key (including Penthouse)

Marketing description

Presenting Costa Sur Resort, a 160-key (including Penthouse) 4-star beachfront resort located 10 minutes from downtown Puerto Vallarta, Mexico, on the South Shore of the Bay of Banderas. This beautiful property, a Puerto Vallarta classic, is being offered for sale for the first time in almost 21 years.

Costa Sur is currently soft-branded by Sonesta International Hotels in its Classico Collection. The resort property consists of two towers nestled in its own private beach alcove. The common areas and numerous amenities are situated between the two towers. The proposed sale is for the 160-unit North Tower, plus amenities (see photos). The North Tower consists of large oceanfront studio units with kitchens and kitchenettes, and is best suited to operate as a hotel. The North Tower also includes a stunning penthouse with a private pool and deck.

Costa Sur was originally developed for timeshare use. For decades, it operated primarily to host its timeshare owners and supplemented timeshare use with customary rental. Since the purchase of the resort in 2004, the timeshare component of usage has dropped; it now accounts for approximately 13% of the annual occupancy, with the balance of the inventory used as hotel inventory. There is a natural attrition that occurs with timeshare consumers as they age and travel less. Since ownership has not been in active timeshare sales for 15 years, this trend of declining use by timeshare owners is expected to continue until the end of 2030, when the usage of the remaining 1,000 (estimated) legacy/fixed-week owners is expected to expire. Approximately 980 Club Costa Vida and Playa del Sol members will remain. These members’ usage is based on availability.

Located on Puerto Vallarta’s fabled Gold Coast, the Costa Sur Resort boasts its own private beach and swimming lagoon. Just 10 minutes away from downtown Puerto Vallarta's nightlife, Costa Sur sits in a tranquil setting, directly on the beautiful Bay of Banderas.

Investment highlights

160 Key Upscale Beachfront Resort in Puerto Vallarta Mexico

Costa Sur Resort & Spa, by Sonesta Classico Collection

15-Story 211,274 SF Resort Facilities

100% ocean-view accommodations

All-suite units with balconies and kitchenettes

2 outdoor swimming pools & private ocean lagoon

On-site dining at La Cascada Restaurant

Wedding venue & meeting event space

Full-service spa and fitness center

Minutes from downtown Puerto Vallarta

Listing Contacts

Lee & Associates - Miami
Scarlett Harper Commercial
Listed by Lee & Associates - Miami, Scarlett Harper Commercial

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