Overview
CONDO HOTEL FOR SALE
2 EXPANSION REDEVELOPMENT OPTIONS
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
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
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
~ $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
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