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

$50,000,000.00


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Listing Description

CityMiami Beach
StateFlorida
Zip/Postal Code33140
Listed By (One of the following must be checked):Broker / Agent
Number of Units110
Type of ListingIndependent
Year Built1950
# of Floors5
Room Revenue$250.00
F&B Income$2,500,000.00
Occ%80
NOI$5,000,000.00
Features:Array

Comments

Four Star Boutique Hotel 110 Keys Conversion

Miami Beach
Miami Dade County
Florida

$50,000,000
OFFERING MEMORANDUM (OM)

$28,000,000
ACQUISITION AS IS
CURRENTLY EMPTY PROPERTY

SHOVEL READY
ARCHITECTURAL PLANS & PERMITS
+
$22,000,000
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)

~ Co-Developer
2% Points Escrow Payout
+
5% Equity Ownership