68-50 Ave 11 #68-50 - Tierra Negra Unique opportunity to acquire the iconic Apart Hotel Presidente, strategically located in Maracaibo, Zulia State, Venezuela, one of the country`s most important commercial and oil-industry hubs. This established hospitality property offers a strong foundation for investors seeking to reposition, redevelop, or expand a hotel asset with significant upside potential. The property sits on approximately 3,607 m² of land (≈0.89 acres) and features more than 4,300 m² (≈46,000 sq ft) of construction, distributed across multiple floors. The hotel includes 68 guest units, including 24 apartment-style suites, making it well-suited for both short-term and extended-stay accommodations. On-site amenities include a restaurant and bar, outdoor swimming pool, four event and conference rooms, terraces, laundry facilities, administrative offices, two elevators, six retail/commercial spaces, and two parking areas. The building`s layout provides flexibility for multiple business strategies such as continued hotel operations, extended-stay apartments, corporate housing, medical offices, student housing, or a mixed-use redevelopment project. Located in the Tierra Negra district, a central and accessible area surrounded by commercial centers, medical facilities, banks, and business offices, the property benefits from strong visibility and convenient access. In today`s Venezuelan real estate market, established assets like this represent a highly attractive entry point for international investors, with the potential for substantial appreciation through repositioning and operational optimization. Ideal for: International hospitality groups Real estate investment funds Developers seeking adaptive reuse or repositioning opportunities A landmark property with a recognized name, prime location, and multiple redevelopment possibilities--ready for the next investor to unlock its full potential.