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Hostel FOR SALE: CoCo Bongo Hostel & Art Gallery

Only at $494,000

Are You Ready For A Total Lifestyle Change?

Presenting an exclusive opportunity to become the proud owner of South America’s iconic boutique art hostel

Real-Estate Opportunity. Hostel FOR SALE in the beautiful beach town of Bahia de Caraquez, Ecuador.

CoCo Bongo Hostel, nestled in Bahia de Caraquez, Ecuador, stands proudly for 20 years in a 1930s building. This four-story gem, with a rooftop deck, offers panoramic views of Bahia – the Pacific Ocean and Rio Chone. Positioned on the first floor, it faces Parque de Madre, perfect for breakfast and people-watching from it’s sidewalk cafe. Inside, a welcoming bar, spacious lounge, and open courtyard await. The kitchen boasts a giant pizza oven and smoker. Stunning murals adorn every wall, complemented by an art gallery hanging from the ceiling.

Dormitory-style rooms cater to solo travelers, families, and backpackers. “The Galleria” fits 8-10 people, a family favorite and just off the back courtyard is our volunteer dorm which our traveling artist stay in. Other rooms include lofts for 2 or 4 and a unique tiny home for two.

CoCo Bongo accommodates travelers from different income brackets, offering a unique atmosphere that appeals to all.

The second floor unveils five uniquely shaped rooms, each adorned with vibrant paintings by global artists. Balconies offer serene spaces overlooking the courtyard or the lively park, blending creativity with tranquility. The penthouse, a standout along the coast, hosts a reading library, a living area with breathtaking park and river views, and large murals. A California king bedroom, guest room, and a roof deck offering stunning vistas complete this luxurious experience in Bahia de Caraquez.

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CoCo Bongo Hostel is not just an established business with a solid organic presence; it is also recognized as a Superhost on Airbnb. While Airbnb has been our primary focus, where we have successfully built our reputation over the past eight years, opportunities abound on other platforms like VRBO and Booking.com. Expanding to these sites could significantly increase your bookings.

If you’re curious why we’ve concentrated solely on Airbnb, feel free to ask—we believe in its reliability and effectiveness. However, there’s great potential in diversifying. By adding and focusing on VRBO and Booking.com, you can probably easily double your bookings.

For those interested in broader investment opportunities, I also have another property nearby. This second property, Bridge View Apartment Suites, features six spacious apartments, all situated in a prime location with stunning views of Ecuador’s longest bridge. This property would be perfect for longer-term rentals on Airbnb and for the expat community in Ecuador. Many expats curious about coastal living in Bahia would stay for a month or two to see if they like the area. Additionally, the property is just one block from the mall, with a great little park right in front of the Chone River. Acquiring both properties presents a unique opportunity, and I’m prepared to offer a very favorable deal for the right buyer.

Explore the exceptional potential of CoCo Bongo Hostel and beyond. Check us out on CoCo Bongo Hostel Airbnb and envision the possibilities for expansion and growth.

Ecuador Visa and Passport

Yes, purchasing property in Ecuador can qualify you for an investor visa, which can then lead to residency and, eventually, citizenship. Here’s a step-by-step guide on how this process works:

Steps to Obtain an Ecuadorian Investor Visa through Property Purchase

  1. Purchase Property:
    • You need to buy real estate in Ecuador. The property should be valued at a minimum amount specified by Ecuadorian immigration laws, which is typically around $40,000 USD. Make sure you have all the necessary documentation, including the property deed.
  2. Gather Required Documents:
    • Prepare the required documents for the investor visa application:
      • Valid passport with at least six months of validity.
      • A copy of the property deed showing your ownership and the property’s value.
      • Police clearance certificate from your country of residence.
      • Proof of income or financial stability.
      • Passport-sized photos.
      • Application forms (these can be obtained from Ecuadorian immigration services).
  3. Submit the Investor Visa Application:
    • Apply for the investor visa (Visa de Inversionista) at an Ecuadorian consulate or directly at the Ministry of Foreign Affairs and Human Mobility in Ecuador.
    • Submit all the required documents. There may be additional documents required depending on your specific circumstances, so it’s advisable to check with the consulate or immigration office for a complete list.
  4. Pay the Fees:
    • Pay the required visa processing fees. The fee structure may vary, so confirm the current fees when you submit your application.
  5. Wait for Processing:
    • The processing time for the investor visa can vary but typically takes a few weeks to a few months. During this time, the immigration authorities will review your application and documents.
  6. Receive Investor Visa:
    • Once approved, you will receive the investor visa, which allows you to reside in Ecuador. This visa is typically valid for two years and can be renewed.

Path to Permanent Residency and Citizenship

The Ecuadorian passport ranks 45th in the world according to our Passport Index ratings. As an Ecuadorian citizen, you can enjoy visa-free travel to 113 countries.

The process for a foreigner to obtain an Ecuadorian passport typically involves several steps and can vary in duration based on individual circumstances and bureaucratic efficiency. Here’s a general outline of the process:

Steps to Obtain an Ecuadorian Passport for Foreigners:

  1. Residency:
  • You must first obtain legal residency in Ecuador. This can be done through various types of visas, such as investment, work, retirement, or family reunification visas. The process for obtaining residency can take several months.
  1. Naturalization:
  • After maintaining legal residency for a certain period, usually two to three years for South Americans and five years for other nationalities, you can apply for naturalization to become an Ecuadorian citizen.
  1. Application for Naturalization:
  • Submit an application for naturalization to the Ministry of Foreign Affairs and Human Mobility. This involves providing several documents, such as proof of residency, police clearance certificates, and proof of financial stability.
  • The processing time for naturalization can vary but generally takes around six months to a year.
  1. Citizenship Approval:
  • Once your naturalization application is approved, you will be granted Ecuadorian citizenship.
  1. Passport Application:
  • With your new Ecuadorian citizenship, you can apply for an Ecuadorian passport at the Dirección General de Registro Civil, Identificación y Cedulación (Civil Registry).
  • The passport application process itself is usually straightforward and can take a few days to a couple of weeks for processing.

Estimated Timeline:

  • Residency: Several months to obtain residency (depending on the type of visa).
  • Residency Period: 2 to 5 years (depending on your nationality and visa type).
  • Naturalization Application Processing: 6 months to 1 year.
  • Passport Issuance: A few days to a couple of weeks after naturalization.

In total, it may take between 3 to 7 years from the time you start the process until you receive your Ecuadorian passport. This timeline can vary based on individual circumstances and administrative efficiency.

Bahia de Caraquez, Ecuador
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Experience the tranquil beach lifestyle combined with the cozy charm of a small town in Bahia de Caraquez, Ecuador. This idyllic destination offers everything you need within walking distance. If you’re in a hurry, hop on a tricycle ride from one end of Bahia to the other for a mere 75 cents, allowing you to explore the area at a faster pace. Indulge in the delight of fresh seafood, savoring the delectable flavors that the coastal region has to offer.

Neighboring Destinations

Bahia de Caraquez is situated a little over an hour’s drive from Manta, the fastest growing city in South America. Manta boasts a newly constructed international airport, a modern shopping mall with first-world amenities, and a variety of restaurants and shops. In addition, Bahia is in close proximity to several stunning golf course communities and some of the finest beaches in South America.

Enter the latitude and longitude into the Google Earth search bar to explore the corresponding location

Google Earth Coordinates: 0°36’2.75″S 80°25’25.62″W

Google Earth of Bahia de Caraquez, Ecuador

Expenses related to utilities and miscellaneous costs

CoCo Bongo Hostel Website

Included in the sale is the impressive CoCo Bongo website, receiving approximately 50,000 visits annually and showing rapid growth. Dive into the “Everything Ecuador” section, filled with hundreds of captivating articles tailored for tourists and expats. Rest assured, the website’s SEO is finely tuned for optimal performance. Click Here – CoCo Bongo Hostel

Please don’t hesitate to reach out if you need further details. Additionally, you can download the PDF for this listing, offering a wealth of information beyond what’s provided here.

$5,000 Referral Fee

If you’re aware of anyone considering a move to Ecuador, this property might catch their eye. It’s an income-producing property with six apartments – live in one and rent out the other five. If you refer them to me and they buy the property, I’ll gladly offer you a $5,000 referral fee. If you have any inquiries, please don’t hesitate to reach out to me.