Overview

Direct Investor Hospitality Buyers

****
Four Star Boutique Hotel
110 Keys Conversion

Miami Beach
Miami Dade County
Florida

$50,000,000
OFFERING MEMORANDUM (OM)

$35,000,000
DISPOSITION
FOR SALE AS IS
CURRENTLY EMPTY PROPERTY
&
SHOVEL READY
ARCHITECTURAL PLANS & PERMITS
+
$15,000,000
FOUR STAR BOUTIQUE HOTEL
110 KEYS CONVERSION
5 FLOORS
GROUND FLOOR RESTAURANT
ROOFTOP POOL RESTAURANT BAR ENTERTAINMENT
24 MONTHS PROJECTED RENOVATIONS DURATION TO FULLY OPERATIONAL

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

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

Terms & Requirements

———————————-

Signed Non-Circumvention Non-Disclosure Agreement

$55,000,000 Minimum Proof of Funds (POF)

Project Genesis & Nexus
The Co-Developer
5% Points Escrow Payout
+
5% Equity Ownership

Details

Year Built
1950
# of Floors
5
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
$ 250.00
F&B Income
$ 2,500,000.00
Occupancy %
80%
NOI
$ 5,000,000.00