16.
Re: Looking for Hotels & Resort projects only Dec 25, 2008 2:16 PM
We need an Equity Partner for a Hotel we are taking over on a Lease to Own basis, the hotel deal is as follows:
- EP Needs to place in $150K by January 10, 2009
- We will manage the Hotel with its current staff
- The EP will receive $20K per month for 24 months and have first payout. $150K = $480K
- We will pay out the EP first each month before expense's
- Hotel only nets $50k per month, we will be reinvesting in the hotel and bringing in a Theme.
The Hotel:
- Boutque
- 70 Rooms on the Water
- Historic
- In California
- Managing Staff: One Professional Hotel Manager, Two Architechs and Capital Broker
TCD