connect with US
Copyright © Global Property Source. All rights reserved.
OM02. 3 Oceanfront Hotels Portfolio, Mexico, Asking Price $120M
Portfolio sale of 3 oceanfront resort hotels
Purchase price of the 3 three hotels are $120,000,000 (USD) plus 3%
These three hotels are a combination of either 4 star or 5 stars
This is a portfolio sale of all three hotels together, hotels cannot be sold separately These are all very full service resorts
All of the three hotels are on the Pacific Ocean side of Mexico
The resorts are in Puerto Escondido, Cabo san Lucas and in Ixtapa
These three hotels come with lots of extra land that the buyer/investor can build more hotel rooms or condominiums or time share units.
The portfolio of the 366 keys of the 3 three oceanfront resorts average 80% year round and the average ADR is $83.00 (USD)
Between the three hotels, the net operating income $14,363,732
The portfolio cap rate 11%
The annual gross $41,039,234.90
Last remodeling 2003
All of the resorts have private beaches
The land value alone is $84,600,000
All authorization land use allows for construction of an approximate 1,000 additional hotel rooms, time shares or full ownership condominiums
More information will be disclosed after signed NDA.
Not the property for you? Go back to see more national, off market investment opportunities!