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    6 Replies Latest reply on Apr 9, 2009 4:50 PM by geom009

    Hotel Marina  --- Investor Wanted ----

    globaldirect Newbie
      Re: Cancun Hotel / Marina

      We are looking for a decision maker for the purchase of a hotel marina, located in Cancun.
      The hotel is next to the lagoon and off the hotel strips, 2-3 blocks from the hotel.
      The property counts with a 84 rooms usage, and Marina.
      Recently obtained and additional marina deck permit.
      We negocited the price reduction from: $12.5 MM
      to $10.5 MM not less.

      *_Investor needs to know:_<<br />a.) the hotel reports a break even financial situation.
      b.) Improvement on cap rate, will be justified by a better management team
      and or the franchise of the hotel with a renowned flag.
      c.) Family operated and own.
      d.) New owner may bring their own management team.

      The property is in good conditions, and can be seen by owners visit to the property.

      Other conditions:

      Seller will not give any financials to non-commited parties.
      Buyer needs to provide Proof of Funds and will to move on.
      Seller is asking for a 10% Escrow Deposit.

      Undertake the control of the property operation in a 30-45 day ratio.

      This property is offered by an agent.
      But happy people is behind them.