PR Vacation Fund

Pueblo de casas pequeñas de Puerto Rico
“Puerto Rico Tiny Home Village”

The Property

  • 6 bedrooms
  • Sleeps 14
  • 4 bathrooms
  • $380000.00 Investment

Amenities

  • Bar/Restaurant

  • BBQ Outdoor Kitchen

  • Beach Gear Provisions

  • Bike or Surfboard Rental

  • Outdoor lounge area

  • Outdoor Shower

  • Pool or Hot Tub

  • Tranquil Garden

  • Yoga Exercise Space

Overview

Project Summary

Vision:

"To become one of Puerto Rico's premier eco-conscious Tiny Home boutique resorts, offering a blend of sustainable living and luxury, while deeply connecting our guests to the serene beauty and culture of the island."

Mission:

"To provide an unparalleled experience in our unique tiny home cabins (casitas) that blends relaxation, adventure, and sustainability. We aim to empower our guests with eco-friendly amenities, local experiences, and the tranquility of nature, ensuring every stay contributes positively to both the environment and the local community."

Objectives:

  • Sustainability: Ensure that as much of our operations as feasible are powered by renewable energy sources within the first two years, reinforcing our commitment to the environment and sustainability.
  • Guest Experience: Achieve a 95% or better guest satisfaction rate by focusing on personalized services, top-tier amenities, and deep connections to Puerto Rican culture.
  • Community Involvement: Partner with local businesses and artisans to provide guests with authentic experiences, contributing to the local economy. Aim to establish at least 8-10 local partnerships in the first year.
  • Growth: Increase occupancy rates to 85% - 90% within the first three years of operations, with plans to expand the number of tiny home cabins (casitas) by 15 to 20% each year during phase two (2) based on demand.
  • Financial Stability: Reach a break-even point within the first 18 months of operations and target a 20% return on investment (ROI) by the end of the third year.

 

 

Introduction

Background on Tiny Home - Short term vacation rental trends:

The tiny home movement, originating in the early 2000s, has gained monumental traction over the past two decades. Once considered a niche market, the allure of downsized, sustainable living has now entered the mainstream consciousness, morphing into the form of unique short term vacation rental stays, especially desirable among Millennials and the Gen Z demographic. A few factors driving this trend include:

  • Sustainability: In a world grappling with climate change and resource constraints, tiny home cabins (casitas), with their reduced carbon footprint, stand as a testament to eco-friendly living.
  • Economic Viability: With a collective shift towards minimalism, many individuals and families have opted for tiny home cabins (casitas) as a more affordable and simpler living solution.
  • Desire for Experiences: The modern traveler's appetite has evolved from mere sightseeing to immersing oneself in authentic experiences. Tiny home boutique resorts offer a unique stay that aligns with this evolving demand, combining comfort with adventure.
  • Flexibility & Innovation: The compact nature of tiny home cabins (casitas) has spurred architectural and design innovations, with each unit often boasting multifunctional spaces and ingenious storage solutions along with one of a kind design creating an immersive, unequaled travel experience.

 

Why Puerto Rico?

Puerto Rico, a Caribbean gem, presents an amalgamation of vibrant culture, pristine beaches, lush landscapes, and a rich history. Here's why it is an ideal location for a tiny home boutique resort:

  • Natural Beauty: With its diverse landscapes ranging from rainforests to golden beaches, Puerto Rico offers the perfect backdrop for eco-tourism and nature-based stays.
  • Cultural Richness: The blend of Taino, Spanish, and African heritages has birthed a unique culture, making it a draw for travelers seeking authentic experiences.
  • Climate: Puerto Rico's tropical climate, marked by warm days and cooler evenings, makes it an attractive year-round destination, complementing the outdoor-centric amenities of a tiny home boutique resort.
  • Accessibility: Being a U.S. territory, Puerto Rico does not require U.S. citizens to have a passport to visit, which can be an added advantage in attracting American tourists.
  • Economic Incentives: The local government has been proactive in encouraging tourism-based ventures, which can offer potential tax breaks and other benefits for businesses.
  • Growth in Sustainable Tourism: With a global shift towards responsible travel, Puerto Rico's focus on sustainability aligns perfectly with the ethos of a tiny home boutique resort.

In conclusion, merging the rising trend of tiny home cabins (casitas) with the intrinsic appeal of Puerto Rico provides a unique business opportunity that holds promise not only for economic returns but also for championing sustainable tourism and community involvement.

Property Overview

Brief about the property at Km 5.6 Carr #803, Corozal, PR 00783:

Situated in the scenic mountainous foothill’s region of Corozal, the property at Km 5.6 Carr #803 exudes a charm that's quintessentially that of a Puerto Rican Hacienda style home. Originally built in 1987, this stunning two-story structure is surrounded by lush greenery, presenting unobstructed views of the mountains.

Key Features:

  • A vast space covering 7,950 sq ft of built area.
  • A unique design highlighted by its wooden roof.
  • Total of 6 bedrooms and 4 full bathrooms.
  • Inherent structures allowing potential for quick conversions and upgrades.
  • Natural creeks, rivers, and waterfalls nearby: a unique selling proposition and an invaluable resource as a hub of the tiny home boutique resort.
  • Proximity to many of the most popular tourist attractions throughout the island, while maintaining a serene mountain getaway location, providing a unique ambiance away from the city's hustle and bustle.

 

 

Total land area and potential for development:

Spanning across 7.29 acres (or roughly 7.5 cuerdas) of land, this expansive property boasts of potential beyond its current 6 bedroom, 7,950 sq ft structure. Given its size, it's perfectly suited as the centerpiece for a tiny home boutique resort, presenting ample opportunities:

  • Space Allocation: The property's 7.29 acres can comfortably accommodate a cluster of tiny home cabins (casitas) while preserving the natural beauty and ensuring privacy for each unit. Preliminary estimates suggest the potential for up to 8 - 10 tiny home cabins (casitas), depending on size and layout.
  • Tiny PR Village - “Pueblo de casas pequeñas de Puerto Rico” -
  • Natural Resources: The presence of two spring water wells is not only a unique selling point but can be utilized for sustainable water supply, reducing operational costs.
  • Recreation & Amenities: The vastness of the land allows for the development of varied amenities like yoga spaces, BBQ areas, communal gardens, and outdoor lounge areas.
  • Preservation & Sustainability: The property can be developed in a phased manner, with land use designs minimizing each home's footprint ensuring portions of the land remain untouched, preserving the natural habitats and promoting eco-conscious tourism.
  • Infrastructure & Accessibility: Given the property's strategic location, and its shape, minimal infrastructure enhancements will be required to ensure easy accessibility for guests while maintaining the allure of a secluded getaway.

Proposed Homes - To be built

  • 1 - Glass house style built almost entirely with mirrored commercial glass panels Jungle house- La Casita en la Jungla
  • 2 - Treehouse style - La Casita del Árbol
  • 3 - A frame style (unique A frame inspired design) - Casa Armazon
  • 4 - Multi story tower - La Torre
  • 5 - La Casita del 420 Cheeba hut 420 sq ft open air home
  • 6 - Container styled unit - La casita de contenedores -Container style siding but larger footprint 15x40
  • 7 - Overlooking the view - La casita con vistas
  • 8 - House with butterfly roof - La casita de la mariposa
  • 9 - 2 story unit - look out view, entire wall of glass
  • 10 - Scour the Airbnb market to find best unit designs out there & replicate

 

In essence, the property at Km 5.6 Carr #803 holds immense potential to be transformed into one of Puerto Rico's next eco-tourism hotspots, presenting guests with a unique blend of design and aesthetics incorporating nature and all its elements.

Services & Amenities

Our boutique resort will be designed to embody the spirit of Puerto Rico, embracing both its vibrant culture and serene natural beauty. With a focus on sustainability, guest experience, and local engagement, our services and amenities will include:

  1. Tiny home cabins (casitas) as Primary Accommodation Units:

Each 1 or 2 bedroom tiny home will be uniquely designed and meticulously crafted with home cabins (casitas) ranging from 350 sq ft to 750 sq ft, offering guests a luxurious yet eco-friendly living experience. Home cabins (casitas) will blend modern amenities with local design elements, ensuring comfort without compromising authenticity.

  1. Outdoor Lounge Areas:

Capitalizing on Puerto Rico's picturesque climate, each home will have its own dedicated outdoor lounging spaces with additional lounging spaces peppered across the property.

There will also be a communal gathering area, just a short walk away from any of the cabins - the perfect place to have some outdoor fun, or just simply unwind. Available to all guests, equipped with a fire pit (Pozo de Fuego), comfortable seating, shaded spots, and hammocks, which will be perfect for relaxation and soaking in the scenic views. Take an afternoon snooze in the tree hammock or on cooler nights cuddle around a campfire on the stone patio.

  1. BBQ and Outdoor Kitchen: El Fogon Y Cocina al Aire Libre

Guests can savor the joy of open-air cooking in our designated BBQ and outdoor kitchen zone in the communal gathering area, it features a wood pergola complete with seating, picnic tables, and a propane grill.  Well-equipped and maintained, it'll serve as a delightful spot for families and groups to enjoy communal cooking sessions.

  1. Yoga or Exercise Space:

A dedicated space amidst nature for yoga, meditation, and workouts will cater to our fitness-conscious guests. This space could host daily classes, workshops, or can simply be used for personal routines.

  1. Pool or Hot Tub:

Our boutique resort will feature a natural looking pool designed to blend right in with the surrounding nature and relaxing hot tub, ensuring guests can unwind after their daily adventures. Designed keeping in mind both luxury and safety, they will be the focal points of relaxation. Almost every one of the tiny home cabins (casitas) will also have its own private plunge pool.

  1. Beach Gear Provisions:

Considering Puerto Rico's numerous famed beaches, guests will have access to top-quality beach gear. From umbrellas to beach chairs, coolers, and towels, we ensure our guests are beach-ready at any time.

  1. Bikes or Surfboard Rental:

For the adventurous souls, we'll provide bike and surfboard rentals. Whether it's exploring the local trails or riding the waves, we've got our guests covered.

  1. Tranquil Garden:

Adding a unique touch to our boutique resort will be a tranquil garden featuring an assortment of local fruit trees such as: Banana, plantain, mango, guava, lemon & lime. There will also be an herb garden with many of the requisite herbs used for cooking flavorful menu creations. Guests can participate in gardening, harvesting herbs for cooking, fostering a sense of community, and promoting sustainability.

  1. Bar/Restaurant:

In collaboration with a local restaurateur, we will house a cozy locally themed bar and restaurant with an authentic Puerto Rican flair using locally sourced menu items. This will not only offer guests a chance to experience delectable local cuisines but will also support the local economy.

  1. Outdoor Common Areas:

To bolster the community vibe, outdoor common areas will be developed. From evening gatherings to morning interactions, these spaces will serve as melting pots of culture and camaraderie. Commons area features a wood pergola with an outdoor kitchen and a grill for outdoor dining, swings, and a beautiful stone patio with comfortable seating and an area for that perfect campfire.

  1. Outdoor Shower:

For convenience post-beach visits or a quick refreshing rinse, several outdoor showers will be strategically placed around the property.

Market Analysis

Target Audience:

  • Eco-tourists: As global environmental concerns grow; a significant number of travelers are seeking sustainable travel options. Our boutique resort, with its focus on sustainability and eco-friendliness, caters directly to this audience.
  • Nature lovers: Due to the diverse beauty and lush green tropical vibe that the property offers, it will be an oasis for true nature lovers to relax, let go, unwind, and enjoy all that Puerto Rico has to offer with its extensive flora and fauna.
  • Yoga Enthusiasts: With the incorporation of a dedicated yoga space and the serene ambiance of the property, we aim to attract yoga practitioners and enthusiasts looking for retreats and wellness getaways.
  • Beach lovers and Surfers: Given Puerto Rico's renowned beaches and surfing spots, beach lovers and surfers alike will form a significant part of our target audience. With surfboard rentals and all the related beachgoing amenities, we’ll ensure they’ll have an unmatched experience at the beach.

 

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