Hostel Revolution Quito has been operating since early 2007. Received hostelworld "hoscar" award (biggest hostel booking engine in the world) for two years running BEST HOSTEL IN ECUADOR 2008 & 2009 based on genuine user ratings/reviews who booked with credit card.
Freehold property on 2 titles (2 apartments) on the second and third floor including entire terrace and 2 covered lock-up carparks (The ground floor is a separate apartment/business not part of the property for sale)

Great views of Quito. Currently accomodation for up to 18 guests, and manager/owners quarters. It is in a colonial style house with wooden floors and decoractive plaster ceilings which we renovated and turned into a hostel a few years ago with a new bathrooms, and extensive modifications. Thick 45cm walls, high ceilings. Great terrace with fantastic views. On the terrace you could easily construct another room for accomodation or make it into a great TV lounge with fantastic views (turn the current TV room into a dorm room, to provide four more beds and increase income), Includes all furnishings.

Bar/Reception/Games Room, Gym Equipment, Television Lounge, 6 modern showers gas hot water system, 5 toilets, Rooftop Terrace with great views (room to expand), 2 covered lock-up car spaces, All permissions and permits from the relevant authorities, Large fully Equipped Kitchen.
For sale is two Apartments which make up Hostel Revolution -
Apartment 2 (second floor) - 115m2
Apartment 3 (top floor and roof terrace) 115m2
terrace is 115m2 which is half open space, a quarter is a roofed storage area a quarter covered roof area.
Separately owned (not included in sale)
Apartment 1 (ground floor) is a business that rents out chairs and tables.
Apartment 4 is residential and the two floors above the lockup carparks to the right.
Profitable business. Currently obtaining 80-100% occupancy and very often we have to turn away guests.

Check-in times are currently between 8am and 11pm only which means you are not getting up late at night or early in the morning. This could be modified to 24hrs, but for us it is about lifestyle and we prefer not to be 24hrs.
We have our own webpage (which is easily modified) and are currently one of highest rated hostels in Quito on Hostelworld
Opportunity to increase comissions from tour comissions, own tours and daytrips, Spanish classes, bar sales and breakfast/meals (currently not supplied).
Easily run by couple with 1 volunteer and part time cleaner
Located within the northern boundary of the beautiful Historical Center of Quito, a growth area that has been under constant renovation and improvement since a huge restoration process which has been undertaken over the last several years. The historical center is now the preferred location for travellers instead of the traditional “gringoland” or Mariscal area, but is under supplied as far as hostel/backpacker accomodation. It is a UNESCO historical site, being the best preserved colonial city in South America. A truly unique and beautiful city. All the main tourist attractions within 25 minutes walk. Plenty of capital growth potential as investors are buying into the Historical Center, and apartment developments are taking place.
Our area is one block from Alameda park the oldest in Quito which has been totally restored and renovated. Also recently a 5 star boutique hotel has opened just down the road, and the old Eugenio Espejo hospital a few minutes away has been restored and made into a convention center. Great Itchimbia park is 10 minutes walk uphill with the best views in Quito which is very safe with sporting facilities and constant events.
Official police records show lower crime rates in the Historical Center than La Mariscal "new town" (area with nightlife, international restaurants, travel agencies etc)
Very close to the three main buslines - Trolley, Ecovia and Metro buses which have their own lanes making travel fast and cheap. Alameda park being the bottleneck part of Quito which means all transport stops are close.
Only 10minutes in bus/taxi (20 minute walk) to La Mariscal or "Gringoland" (new town) area where the bars, international restaurants, agencies and discos are. All the historical main attractions are within 25minute walk of the hostel.
Purchase allows foreign owner to obtain resident visa (Investors visa)
Priced to sell. Includes all furniture.
Shared dorm rooms for 5 or 6 (x2),
Twin/4 pax room (x1)
Private queen room for 2 (x1)
Private room for 1 or 2 - bunk bed (x1)
Large Managers room (x1)
Also Good profit on drink sales, tour and spanish class comissions
Run by husband/wife, part time cleaner and if required a volunteer to reduce working hours. It is a fun, relaxed lifestyle and all of the hard work has been done. We are not a rowdy party hostel, but a relaxed chilled hostel and adverise that way.
$160,000 2 apartments and business.
It is possible to convert the hostel back into two 3 bedroom apartments if desired and sell one or both, or rent out the whole hostel and business for a good return. If you did not want to live on premises the managers room could be converted to a 6 bed shared dorm.