Overview

DEAR DIRECT INVESTORS & HOSPITALITY BUYERS

BOUTIQUE HOTEL 110 KEYS RE-DEVELOPMENT PROJECT

MIAMI BEACH PRIME

MIAMI-DADE COUNTY, FLORIDA

$45,000,000

OFFERING MEMORANDUM (OM)

==============================

$35,000,000

DISPOSITION
FOR SALE AS IS
&
SHOVEL READY ARCHITECTURAL PLANS & PERMITS

+

$10,000,000

****

FOUR STAR BOUTIQUE HOTEL 110 KEYS CONVERSIONS
RENOVATIONS PROJECTED COST

5 FLOORS

GROUND FLOOR RESTAURANT

ROOFTOP POOL RESTAURANT BAR ENTERTAINMENT

24 MONTHS RENOVATIONS DURATION TO FULLY OPERATIONAL

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PROJECTED FUTURE REVENUES

$6,500,000 = 110 KEYS x $200 AVERAGE KEY x 80% OCCUPANCY x 365

$2,000,000 = 200 MEALS PER DAY x $25 AVERAGE x 365 & BAR

==

$8,500,000 PROJECTED FUTURE REVENUES PER YEAR

$3,500,000 PROJECTED FUTURE OPERATIONAL COST PER YEAR

===

$5,000,000

PROJECTED NET INCOME PER YEAR PRE-TAXATION

Details

Year Built
1940
# of Floors
5
Lot Size
1 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
110
Room Revenue
$ 6,500,000.00
F&B Income
$ 2,000,000.00
ADR
$ 200.00
Occupancy %
80%
NOI
$ 5,000,000.00