Under Contract $35,000,000.00 - Hotel, Investors and Developpers
To investors, Hotel Operators and Private Equity Managers
I would like to present Beach One Residences, a 240 unit beachfront condo development located in Juan Dolio, Dominican Republic.
Here are a few details to consider:
- Juan Dolio is a thriving Tourist Real Estate Destination;
- Located 15 minutes away by way of a 4 lane highway, to Las Americas International Airport – With important Airline traffic – and direct flights and connections to mayor destinations around the world
- 55 km – 40 minutes away from Santo Domingo – Colonial Zone – Mayor Shopping and Business destination
- Located adjacent to two 18 hole golf course
- Beachfront property located on a white sand – calm water – 2 mile long beach.
This project is being developed for the purpose of selling as individual condo units; we are starting the pre-sales process. Nevertheless, we believe it could be sold as a whole to an individual hotel operator who could take advantage of the work that has been done:
- Completely designed project;
- 240 units totaling 360 rooms: 90 standard hotel rooms, 30 one bedroom units, and 120 two bedroom units.
- Tax incentive – CONFOTUR – has already been approved.
- Ready to initiate construction by June 2017.
- Expected delivery date 24 months later – probably faster, if built through private funding structures rather that sales proceeds.
Additionally we believe we could structure a payment plan based on the following time schedule:
- Price US$35,000,000
- Down payment: US$ 10,000,000
- Every 6 months US$ 5,000,000 – 5 payments. – According to advancement of construction
- (Alternative payment options could be considered)
If you need further details or information, we can gladly schedule a private presentation.