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The business
– Diverse accommodations: With capacity for 28 guests, the hostel offers flexible lodging options, including private and shared rooms, catering to a wide range of traveler preferences.
– Exclusive appeal to younger travelers: The hostel’s relaxed and friendly atmosphere encourages guests to extend their stays, increasing the potential to attract repeat visitors.
– Seasonal demand: Peak occupancy rates are observed during major cultural events, such as New Year’s Eve in December and the Feria de las Flores in August, as well as consistently high rates between March and June.
– Offering a variety of services: In addition to accommodations, the hostel expands its revenue streams by organizing local events, facilitating the sale of food, and offering guided tours, attracting experienced travelers.
– Event-ready space: designed to host events, the hostel serves as a versatile venue for tourists and locals alike, taking advantage of Medellín’s vibrant cultural scene.
Products and services
The hostel offers hospitality services with capacity to accommodate up to 28 guests. Other services include organizing local events, selling food, and providing guided tours.
Location
– Prime location: The hostel is strategically positioned between the vibrant Boston neighborhood and the Historic Center of Medellín, offering guests easy access to historical sites, bustling markets, and the convenient light rail/metro.
Structure
– 30 very modern single beds (like cabins).
Six of them are imported from Singapore, packaged and never opened + 2 double beds for a private room.
Wooden benches.
Laundry and dryer tower.
Interiors, furniture and other equipment.
The property has 400 m² and includes five bedrooms, a large entrance hall, a kitchen, two living rooms, a laundry room, and a patio.
There is the option to purchase the second floor.
Key differentiators
The hostel is well managed.
– Hostel reputation.
– Legal registration as a company (with bank registration, the company can receive payments by credit card).
– Sales channel records, including a PMS for 8 months.
Local assistance.
Three bedrooms have been completely renovated recently. Overview of the facilities.
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