DEVELOPMENT OF LUXURY RESORT IN OCEANFRONT SITE
IN RIVIERA MAYA
(in pre-development)
Mexico Development
Oceanfront Luxury Resort Development in Riviera Maya
120 hotel keys & 80 residences (owners will be able to contribute their unit to the hotel rental pool)
Luxury brand from international chain
Off-market site
Using architect from iconic Las Ventanas
in Los Cabos (West Coast)
Cost saving development strategies
Performance
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Reusing stone from local marina on walls
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Centralizing kitchens and amenities
to operate at lower cost -
50% suites are sold as hotel-condos, reducing cost basis but retaining upside in rate and luxury offerings
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Lock-off residential units make
residences profitable for operations -
Using attractive poured concrete flooring instead of costly stone
-
Infrastructure paid by seller
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Shovel ready site for faster development
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Below market price
Successfully negotiated several million dollars in key money/guarantees
Expected 20%+ unleveraged return on cost