Michael K. Thrasher's Page

Profile Information

Company name and description: Thrasher Hotels & Resorts International, LLC. is a newly-formed hospitality company based in Chicago, IL whom carries a very unique skill-set in the development and on-going management of condo-hotels and condo-resorts. We are an US and international luxury condo-hotel and condo-resort acquisitions and development company seeking to grow our high-end portfolio by performing condo-hotel and condo-resort conversions on existing hotel, resort, villa, luxury estate, castle, chateau, private island, and mountain property-types.

Condo-conversions on these type of properties produce a near-immediate revenue stream from the pre-sales of the units which makes the construction portion of the renovation and development (if any) self-sustaining and creates a very short-term net ROI for the owners. The business model is a win-win-win situation for all parties involved as the revenues produced by the rental pool is shared by the individual condo-owners giving them the opportunity to earn their money back on the unit and generate unencumbered profit. The owners then pay monthly association dues which pays for the all operational costs of the hotel\resort allowing for a clear 50% profit-base for the hotel owners.