BOUTIQUE
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$50,000,000.00
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
- United States |
- January 10, 2020
$55,000,000.00
$55,000,000 PROJECTED COST $5,250,000 PROJECTED NET REVENUES PER YEAR STARTING 2024 MIAMI BEACH, FLORIDA 90 KEYS 5 FLOORS HOSPITALITY DEVELOPMENT PROJECT $17,500,000 ACQUISITION PRICE CURRENT 40 KEYS CONDO HOTEL SUITES 36,000 SF / 15,000 SF LOT + APPROVED PLANS FOR 90 KEYS 5 FLOORS 75,000SF (15,000SF PER FLOOR x 5 FLOORS) x $500 PER SF = $37,500,00 PROJECTED GROUND UP DEVELOPMENT COST == $55,000,000 PROJECTED COST — PROJECTED NET REVENUES PER YEAR STARTING 2024 90 KEYS x $150 AVERAGE ROOM CHARGE x 70% OCCUPANCY x 365 = $3,500,000 PROJECTED PER YEAR GROSS ROOM REVENUES + $1,825,000 = 200 MEALS PER DAY x $25 AVERAGE x 365 + $1,175,000 = 200 DRINKS PER DAY x $15 x ER YEAR === $6,500,000 PROJECTED GROSS REVENUES PER YEAR STARTING 2024 – $2,000,000 ESTIMATED EXPENSES PER YEAR (30%) ==== $4,500,000 —- SUBJECT TO CHANGE —DESIGN & DEVELOPMENT GLOBALLY…
- United States |
- January 31, 2021
$46,000,000.00
$46,000,000 HOSPITALITY RE-DEVELOPMENT PROJECT DOWNTOWN LOS ANGELES
- United States |
- February 3, 2021