ACTIVE  Income Producing Hostel in Placencia

The Royal Rat Hostel is located just off the main road about 10 minutes outside of Placencia Village. The land was bought in 2019 and in 2021 the owner’s vision of the hostel started to unfold. It is situated on 0.27 acres and consists of three buildings: the owner’s private one-bedroom home with a full bath, a two-bedroom home, and the hostel building. There is a communal kitchen and lounge area with high tables and a couple of sofas for relaxation while watching content or just chilling out.

The hostel building includes four main bunk rooms—two being mixed dorms, one being a ladies’ dorm, and one being a gents’ dorm. The hostel building offers a ladies’ shared bath with private showers and a gents’ shared bath with private showers. There are also two private bedrooms located in the same building as the dorm rooms.

The two-bedroom home is a self-contained cabana that sleeps six people and has a private kitchen, bathroom, and living room, built high to allow for additional space below to enclose for more hostel bunks or private rooms. The common grounds feature a swimming pool and bar with a shaded lounge area and hammocks. The eastern part of the property is open, providing space for many additional dorm-style rooms or private cabanas if desired.

This property has proven to be a great income generator, operating only during peak season for about 5-6 months a year and showing about 50% occupancy, a good step above the standard for the area.