This hotel project offers the security of a proven well-run hotel with great numbers. Phase 1 is fully operational available at a comfortable CAP rate of 8.5% at 15M. Phase 1 offers updated rooms, great views and is getting an entirely new skin as you read this. While operating this on-going hotel, you can pre-sell the new suites in Phase 2 or even Phase 1 as a condo-hotel or develop a new concept for the entire property. Phase 2 will come completely furnished, ready to rent, down to the towels, kitchens and reservation system and will include an additional 30 2-bedroom/2-bath units to greatly improve income and with an even better CAP rate for the entire project with phase 2 costs due as completed.
The new suites will allow this property to better accommodate the overseas and Latin American visitors. These visitors stay longer and like the amenities offered with a larger suite for the whole family. The lifestyle offers a family atmosphere to enjoy along with nearby attractions and amenities for the whole family and 200' of sugar sand beaches. The open beach, a rooftop deck and poolside patios offer new venues to add income with rooftop dining and lounge, wedding packages, catering and more to increase ADR and capture an even greater share of the beach market. Money is made using space, and this plan allows for so much more. There is no more waterfront being made, and this project offers in place profits, permits, construction, and sand, sand and more sand.
Contact us for more details. Plans, numbers, specs and views available for interested qualified parties and NDA.
Listed By CENTURY 21 Beggins Enterprises