Barrio Amón 1929 Boutique Hotel With Rare Casino License

Description

Hotel Dunn Inn represents a rare institutional-grade commercial investment opportunity in San José's most culturally significant neighborhood. This property is a meticulously preserved 1929 mansion located in the heart of Barrio Amón, one of Central America's finest examples of early 20th-century residential architecture. Currently operating as an established boutique hotel, the property generates immediate and stable income while maintaining exceptional long-term development upside. **Current Operations & Asset Details** The property comprises five consolidated lots totaling 1,634 m², zoned Mixed Residential Commercial (ZMRC). It operates as Hotel Dunn Inn with 28 bedrooms, 29 bathrooms, and complementary facilities including a tropical-style restaurant, bar, and business center. Following a comprehensive 2022 renovation, the hotel is fully operational with experienced staff and an established client base. Dedicated parking—utilizing one of the five lots—addresses the critical infrastructure challenge facing downtown properties. **Architectural & Heritage Value** The property exemplifies the preservation approach increasingly valued in urban heritage districts. The 1929 mansion retains its traditional architectural character while integrating thoughtful modern updates that support contemporary hospitality operations. This balance preserves Barrio Amón's cultural significance while enabling productive use. **Development Potential** Beyond current operations, this asset offers substantial development capacity. Under ZMRC zoning with a height coefficient of 2.50, the site permits construction of up to approximately 10,437 m² across a seven-story structure. This density allowance positions the property for multiple development scenarios: vertical expansion of the hospitality offering, mixed-use residential and commercial development, or complete repositioning while respecting the historic façade requirement. **Distinctive License Asset** An existing casino license comes with the property—an increasingly scarce asset under current Costa Rican regulatory frameworks. This license significantly enhances revenue diversification potential and operational flexibility for future hospitality operators. **Location & Connectivity** Barrio Amón is renowned for architectural heritage, cultural institutions, and vibrant urban activity. The property sits within minutes of downtown San José, adjacent to the National Theater, major museums, and galleries in a highly walkable environment supporting both tourism and business activity. The location provides efficient access to Heredia, La Uruca, Juan Santamaría International Airport, and western suburbs of the Greater Metropolitan Area. **Investment Profile** This property appeals to investors seeking immediate cash flow from stable hospitality operations combined with clear appreciation pathways. The combination of heritage location, operational income, regulatory advantages, and development potential positions Hotel Dunn Inn as a sophisticated option within Costa Rica's commercial real estate segment.

Property Highlights

• ✓Historic 1929 mansion with preserved architecture
• ✓Operating 28-bedroom boutique hotel with strong cash flow
• ✓Rare casino license included
• ✓7-story development potential (10,437 m²)
• ✓Barrio Amón heritage location near National Theater
• ✓5 consolidated lots with dedicated parking
• ✓2022 renovations, move-in ready operation