68-50 Ave 11 #68-50 - Tierra Negra

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Description

Unique opportunity to acquire the iconic Apart Hotel Presidente, strategically located in Maracaibo, Zulia State, Venezuela, one of the country's most important commercial and oil-industry hubs. This established hospitality property offers a strong foundation for investors seeking to reposition, redevelop, or expand a hotel asset with significant upside potential. The property sits on approximately 3,607 m² of land (≈0.89 acres) and features more than 4,300 m² (≈46,000 sq ft) of construction, distributed across multiple floors. The hotel includes 68 guest units, including 24 apartment-style suites, making it well-suited for both short-term and extended-stay accommodations. On-site amenities include a restaurant and bar, outdoor swimming pool, four event and conference rooms, terraces, laundry facilities, administrative offices, two elevators, six retail/commercial spaces, and two parking areas. The building's layout provides flexibility for multiple business strategies such as continued hotel operations, extended-stay apartments, corporate housing, medical offices, student housing, or a mixed-use redevelopment project. Located in the Tierra Negra district, a central and accessible area surrounded by commercial centers, medical facilities, banks, and business offices, the property benefits from strong visibility and convenient access. In today's Venezuelan real estate market, established assets like this represent a highly attractive entry point for international investors, with the potential for substantial appreciation through repositioning and operational optimization. Ideal for: International hospitality groups Real estate investment funds Developers seeking adaptive reuse or repositioning opportunities A landmark property with a recognized name, prime location, and multiple redevelopment possibilities--ready for the next investor to unlock its full potential.