Overview

CONDO HOTEL FOR SALE
2 EXPANSION REDEVELOPMENT OPTIONS
 
PLAYA DEL CARMEN, RIVIERA MAYA, QUINTANA ROO, MEXICO

OPTION (1)
AS IS
$7,500,000 DISPOSITION ASKING PRICE
3 FLOORS
18 KEYS MIX UNITS 2 BEDROOMS 1 BEDROOMS STUDIOS 
$9,000,000 APPRAISAL
 
OPTION (2)
EXPANSION DEVELOPMENT
$10,000,000 ACQUISITION INVESTMENT 
42 KEYS CONDO-HOTEL RE-DEVELOPMENT PROJECT 
4TH FLOOR & ROOFTOP POOLSIDE ENTERTAINMENT ADDITIONS
1ST, 2ND & 3RD FLOORS COMPLETE RE-DESIGN
$12,000,000 PROJECTED FUTURE VALUE
 
OPTION (3)
EXPANSION DEVELOPMENT MAXIMUM
$12,500,000 ACQUISITION INVESTMENT 
55 KEYS CONDO-HOTEL RE-DEVELOPMENT PROJECT 
4TH, 5TH FLOORS & ROOFTOP POOLSIDE ENTERTAINMENT ADDITIONS 
1ST, 2ND & 3RD FLOORS COMPLETE RE-DESIGN
~ $15,000,000  PROJECTED FUTURE VALUE
~ $3,832,500 PROJECTED GROSS INCOME = $150 AVERAGE PER NIGHT x 70% OCCUPANCY x 365
 
~ $2,000,000 PROJECTED NET INCOME 
 
~ SOIL STRUCTURAL ENGINEERING
ARCHITECTURAL
BLUEPRINTS COMPLETED
SHOVEL READY
~ NEXT TO TWO FIVE STAR BOUTIQUE HOTELS
THE GRAND PLAYA HYATT & THE REEF 28
~ WALKING DISTANCE TO THE BEACH, ONLY 250 METERS
~ ADJACENT TO FASHION MALL & CENTRAL ENTERTAINMENTS
~ PRIVATE BEACH COUNTRY CLUB AUTOMATIC MEMBERSHIP

Details

Year Built
2000
# of Floors
5
# of Buildings
1
Lot Size
2 acres
Features
  • Interior Corridor
  • Exterior Corridor
  • Mixed Corridor
  • Breakfast Room
  • Restaurant
  • Lounge/Bar
  • Business Center
  • Indoor Pool
  • Indoor Hot Tub
  • Outdoor Pool
  • Outdoor Hot Tub
  • Fitness Center
  • Elevator
  • Guest Laundry
  • Meeting Space
  • Living Quarters

Financial

Posted By
Broker / Agent
Affiliation
Independent
# of Units
55
Room Revenue
$ 150.00
F&B Income
$ 0.00
Occupancy %
70%
NOI
$ 2,000,000.00