Royal Rat Hostel Outside Placencia Village

Description

The Royal Rat Hostel in located just off the main road about 10 minutes outside of Placencia Village. The land was bought in 2019 and in 2021 the owner’s vision of the hostel started to unfold. It is located on.27 acres and consists of three buildings, the owner’s private one-bedroom home with a private full bath, a two-bedroom home, and the hostel building. There is a communal kitchen and lounge area with high tables and a couple of sofas for relaxation while watching Netflix or just chilling out. The Hostel building consists of four main bunk rooms, two being mixed dorms, one being a ladies’ dorm and one being a gents’ dorm. Th The hostel building offers a Ladies’ shared bath with private showers and a Gent’s shared bath with private showers. There are also two private bedrooms located in the same building as the dorm rooms. The 2-bedroom home is a self-contained cabana that sleeps 6 people and has a private kitchen, bathroom, and living room, built high, allowing for additional space below to enclose for more hostel bunks or private rooms. The common grounds have an awesome swimming pool and bar with a shaded lounge area with hammocks. The eastern part of the property is empty, allowing space for many additional dorm-style rooms or private cabanas if you prefer that style. This property has proven to be a great income generator, even though it is open only during peak season for about 5-6 months a year. It is also showing about 50% occupancy, a good step above the standard for the area. Take a closer look, you will find it is a winner!