Ever dream of owning a colonial, downtown Cuenca hostel, boutique hotel, or a bed and breakfast, where you can live in the private upstairs quarters, while renting out suites, guest rooms, and large group rooms and have a live-in, money-making business? This just might be your lucky day. A lovely, 70-year old, 8,288 sq. ft (770. sq. meter) colonial building in historic El Centro, that was operating as a hostel, is now for sale for an investor ready to be a part of the burgeoning tourist industry in Cuenca. The hotel also comes with 2 commercial stores, that are additional income-producing sources, currently charging $450 month rent, plus utilities, The tenants have been long-time renters, so prices have stayed at this low price for years. This price could be changed dramatically, as they are in a very desired downtown location.

This lovely colonial building -- sitting on approximately 770 sq. meters of land -- boasts a gorgeous outdoor area, porches and cozy seating nooks throughout the property, an interior sunken courtyard and living room inside the hotel, a small restaurant and a complete, private apartment on the second floor that includes a spacious primary suite with a balcony, a full bathroom with a bathtub, and a living room area, a second, large en-suite bedroom and balcony, now being used as a meditation room, a studio apartment, and a kitchen/dining room with a table for 8.  The building is filled with beautiful antiques, wooden beams, skylights, original wooden floors, red-tiled roofs, delightful covered walkways and hallways, and the gardens making this quiet Oasis reminiscent of European hotels.

The structure is sound, the 13 rooms are furnished, and the hotel comes with all of the furniture, bedding, linens, tables, chairs, couches, plates, silverware, glasses and everything you need to start your new journey. It just needs a little face-lift to return it to its past glory, but this property can be easily restored. So if you're willing to roll up your sleeves (just a little!) your Cuenca dream could become a reality. Prior to the Pandemic this was a favored hostel for visitors from the US, Canada, and Europe. But, faced with some personal challenges, the facility nearly closed and is just now back up and running on a very small basis. But this could easily be a premier destination once again and a super investment for the right forward-thinking person.

As you walk into the entryway, a colorful mural greets your guests, immediately welcoming them into an inviting and happy atmosphere. A reception desk -- open 24/7 -- is right as you enter the premises, and a sunken living room/courtyard has seating areas and comfy chairs to soothe travelers and welcome them to Cuenca. The majority of the rooms are down a hall that leads to a beautiful porch, and then to a large outdoor courtyard. The rooms, on the first and second floors surround this courtyard, and a newer building is located on the sides of the patio. The grassy courtyard, filled with flowering trees, shrubs, and secret places to sit and relax, is part of the welcoming experience this hotel offers. The manager lives on site and has his own room and bath behind the reception area, so is available to guests any time of the day or night.

A small restaurant is perfect for morning breakfasts, or you can enjoy your coffee in the gardens as you wake up to the sounds of birds chirping as they greet the day.

Located in the center of downtown Cuenca, the hotel is perfectly situated for tourists to walk through El Centro easily and effortlessly. Once inside the hotel, it becomes a quiet sanctuary away from the hustle and bustle of the city. Cuenca, Ecuador's 3rd largest city and its cultural capital, is a UNESCO World Heritage site city, and is the favored destination (along with the Galapagos) in Ecuador thanks to its amazing restaurants, cafes, museums, art galleries, shopping, indigenous markets and so much more. Downtown is the preferred area to stay for tourists, so that you can stroll through the cobblestone streets, grab fresh coconut juice from a vendor, stop at one of the many coffee houses or rooftop restaurants with spectacular mountain and city views, and enjoy the city the way it's meant to be seen.

So, if you've ever dreamt of owning a colonial, downtown Cuenca hostel, boutique hotel, or a bed and breakfast, now's your chance. There are no comps or P&L statements on ths property as its been virtually closed since before the pandemic, but it's been kept up and is just waiting for the right investor or hotelier to make it a huge success. When you dream big ... big dreams happen!

The asking price for this hotel is $731,5000 including all of the furniture, restaurant equipment, tableware, appliances, and outdoor furniture. Select paintings and artwork will not be included. The annual property taxes for 2025 were only $377.