DEAR DIRECT INVESTORS & HOSPITALITY BUYERS BOUTIQUE HOTEL 110 KEYS RE-DEVELOPMENT PROJECT MIAMI BEACH PRIME MIAMI-DADE COUNTY, FLORIDA $45,000,000 OFFERING MEMORANDUM (OM)

DEAR DIRECT INVESTORS & HOSPITALITY BUYERS

BOUTIQUE HOTEL 110 KEYS RE-DEVELOPMENT PROJECT

MIAMI BEACH PRIME

MIAMI-DADE COUNTY, FLORIDA

 

$45,000,000

OFFERING MEMORANDUM (OM)

==============================

$35,000,000

DISPOSITION
FOR SALE AS IS
&
SHOVEL READY ARCHITECTURAL PLANS & PERMITS

+

$10,000,000

****

FOUR STAR BOUTIQUE HOTEL 110 KEYS CONVERSIONS
RENOVATIONS PROJECTED COST

5 FLOORS

GROUND FLOOR RESTAURANT

ROOFTOP POOL RESTAURANT BAR ENTERTAINMENT

24 MONTHS 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

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