Sam Skidmore's Puerto Vallarta Luxury Properties Mexico Rentals

Blue Bay Hotel

Property Description

Spectacular Hotel along the South Gold Coast

Price	Property Type	Location
$26,000,000 US	Hotel	South Shore
City	Bedrooms	Bathrooms
Puerto Vallarta	485

Features

485 Rooms
Construction size 1,332 Sqft
Lot size 215,200 Sqft
Price per room $53,608 US
Year built - 1992
Covention Center with capacity for 500 people
Gym
Spa
3 Restaurants
Disco
2 Tennis Courts
3 Apartments
Conference area
Large pool and recreation area
Additional small beach area

THIS IS A TREMENDOUS opportunity due to the pricing is way below market value. The price is $26 million USD and you can make over $100,000,000.00 USD in sales with at least a profit of $40 million after investing $26.0 Million plus the $9 million USD to upgrade the hotel to condos, closing cost and fees, upgrading the common areas and to build a water break. The buyers will pay for the preconstruction cost by placing $10,000 to reserve the unit and in 30 days 35% will be required and then quaterly payments until the upgrades are done. The money for the renovation actually comes from the buyers. The average 2 bdr condos can sell at $480,000.00 USD and the condo hotel concept for $275,000.00 USD each.