This colonial hotel, B&B or lavish family villa in El Centro, Cuenca is ideally located in the high-traffic, heart of the UNESCO World Heritage Site city, surrounded by great restaurants, shops and museums, and in front of the beautiful Tomebamba River. 

This 7,500 square foot could also be your very own luxurious private riverfront villa. The colonial, patrimonial property, on one of Cuenca's most renowned streets -- Calle Larga -- has been converted into a boutique hotel and was newly refurbished and renovated into 8 beautifully appointed rooms including a 3rd-floor apartment with a kitchen. The original colonial part of the house is utilized as the owner's quarters with a balcony that has incredible views overlooking the Tomebamba river -- directly across the street -- and downtown as well as new-town Cuenca cityscapes and mountain views. 

There is also a large covered indoor/outdoor space on the third floor that could be made into an outdoor rooftop garden, a gym and spa or whatever your imagination can conjure up. Additionally, there are two commercial properties that come with the purchase price. Beamed and coffered ceilings, original wooden floors, impeccable, modern decor, leafy terraces, a plant-filled central atrium, cobblestone streets, and the romantic cafe are all part of this colonial gem, which is surrounded by a wonderful cultural scene and creative downtown ambience. The hotel reflects its rich and colorful past but has all the modern amenities and is ready to open its doors to the right buyer. 

This is the perfect investment and business property, with immediate built-in income-producing capabilities. This colonial home could also be an amazing downtown villa, for an extended family and their friends, and as such, would be one of the most talked-about homes in the city. The asking price for this distinguished colonial building with immediate income-producing capabilities is $650,000. Furnishings are negotiable for an additional price.