Old San Juan, Recinto Sur Street - Former 12-room Hotel - FOR SALE

Investment Overview

In shell condition, the former Cervantes Hotel features 12 rooms—6 junior suites, 5 master suites, and a grand presidential suite. This seven-story building is primed for redevelopment, with the first level offering a spacious restaurant space and outdoor seating—ideal for hospitality, boutique hotel, or mixed-use concepts. The building’s rooftop is its crown jewel, delivering sweeping Old San Juan views and the perfect setting for a future bar, restaurant, or exclusive guest amenity. Elevator service connects Levels 1 through 6, with private access to the presidential suite and rooftop from Level 7. The property requires restoration to reach its full potential, including electrical upgrades. A true diamond in the rough, this asset offers an unparalleled location, rich history, and exceptional long-term value for investors. Approved plans for enclosing the existing 7th-level sun deck are available. Space Breakdown • Level 1: Lobby, reception, administration, bathrooms, restaurant including bar, kitchen & maintenance area (2,016 SF) • Level 2: Small office & storage (764 SF) • Level 3: Four (4) guestroom suites (2,016 SF) • Level 4: Administration office with ½ bathroom & refrigerated storage (635 SF) • Level 5: Four (4) guestroom suites (2,045 SF) • Level 6: Three (3) guestroom suites (1,541 SF) • Level 7: Presidential suite (1,378 SF) • Sun Deck Roof: Terrace, laundry, bathroom & sun deck (745 SF) Elevator services Levels 1–6 publicly and Level 7 exclusively. Sun deck accessed via stairs from Level 6.

Investment Highlights

• Building Area: Approximately 11,140 SF
• Site Area: 192 square meters
• Multi-level structure with 7 stories
• 12 rooms: 6 junior suites, 5 master suites, 1 presidential suite
• Ground-level restaurant & bar space with outdoor seating
• Property is in shell condition and without electricity
• Approved plans for enclosing Level 7 sun deck
• Zoning: Commercial Intermediate (C-I)
• Multi-level parking facilities across the street
• Cuerdas: .0489
• Property Tax Code: 040-003-065-15-001
• Coordinates: Latitude 18°27’53.60” N | Longitude -66°6’46.40” W