ACTIVE  Successful Hostel, Placencia Road

The Royal Rat Hostel is located just off the main road about 10 minutes outside of Placencia Village. The land was purchased in 2019, and in 2021 the owner’s vision for the hostel began to take shape. It is situated on .27 acres and comprises 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 several sofas for relaxation while watching Netflix or just unwinding. The hostel building features four main bunk rooms—two mixed dorms, one ladies’ dorm, and one gents’ dorm. Amenities include a shared bath for ladies with private showers and a shared bath for gents with private showers. Additionally, there are two private bedrooms within the same building as the dorms.

The two-bedroom home is a self-contained cabana that accommodates six people and includes a private kitchen, bathroom, and living room, built high to allow for extra space below, which can be enclosed 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 empty, providing space for additional dorm-style rooms or private cabanas if preferred. This property has demonstrated strong income potential, operating only during the peak season or about 5-6 months a year, with about 50% occupancy—a favorable figure for the area.