HOTEL 4-DIAMOND RESORT RE-DEVELOPMENT OPPORTUNITY

Transcription

1 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE, Miami, FL CRESGLOBAL CRESGLOBAL PLS, NO PH CALLS. FOR BEST RESULTS . THK YOU. (786) Hotel / Motel - Off-Market 1 ALHAMBRA PLAZA PH SUITE, Miami, FL Price: $40,000,000 No. Rooms: 474 Building Size: 532,500 SF Price/Room: $84, Property Type: Property Sub-type: Additional Subtypes: Hotel & Motel Full Service Garden/Low-Rise Marina Golf Related Property Use Type: Investment Cap Rate: 12% Average Daily Rate: $200 Average Occupancy: 75% No. Stories: 5 Year Built: 2010 Corridor: Lot Size: APN / Parcel ID: Parking Ratio: Interior 115 AC CRESGLOBAL.NET NDA INSERT ASSET ID IN COMMENTS SECTION 5 / 1,000 SF Listing ID Last Updated 1 day ago Highlights 1-3-DIAMOND 4.5-STAR TRIPADVISOR/ATLANTIC OCEAN SAND RESORT HOTEL WITH FULL AMENITIES/COUNTRY CLUB GOLF COURSE/ TENNIS/MARINA/RETAIL ASSETS. 2-ASSET PRESENTLY UNDER-PERFORMING/SHOULD BE $20M GROSS REVENUE WITH $6M EBITDA/ADDITIONAL LAND FOR CONDO OR MF UNITS/RETAIL/MARINA/GOLF ETC REVENUE. 3-FUTURE REDEVELOPMENT OPPORTUNITIES FOR ADDITIONAL MULTI-FAMILY VERTICAL 1/9

2 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE, Miami, FL 3-FUTURE REDEVELOPMENT OPPORTUNITIES FOR ADDITIONAL MULTI-FAMILY VERTICAL CONDO TO 200-UNITS WITHIN THE PRIVATE ENCLAVE=$100M X 40%= EBITDA. 4-ASSET APPRAISAL COULD HIT $50M RANGE/REDEPOSITED NOI $6M/DEVELOP 200- UNIT@ $750K =$150M X 35%=52.5M EBITDA=$2.765M NOI=$9.7M NOI BLENDED YTBD IN DD. 5-RE-DEVELOPMENT ENTITLED LAND/MULTI-FAMILY RENTAL/HOTEL/CONDOS/RETAIL COMMERCIAL=28% ROI HIT $ M RANGE. 6-SUBMIT CLEAN LOI/STARTING FIRM PRICE $40M, BUYER ATTORNEY $1M-NON-BINDING ESCROW LETTER/$100K-DEPOSIT IN ORDER TO BE AWARDED 60-DAY DD/PSA. Description *ONLY PRE-FINANCIALLY INVESTORS WILL BE CONSIDERED & RECEIVE THE PROPERTY DD PACKAGE THAT PROVIDED THE REQUIRED DELIVERABLE'S ONLY. 1-ATLANTIC OCEAN SAND HOTEL/GOLF COUNTRY CLUB/MARINA SLIPS WITH ENTITLED LAND FOR ADDITIONAL 200-UNITS CONDO VERTICAL TOWER TO 10-STORIES +/-/MULTI-FAMILY RENTAL/CONDO/HOTEL RENTAL PROGRAM.2-FUTURE 4 DIAMOND HOTEL ONCE POSITIONED 4.5-STAR TRIPADVISOR/ATLANTIC OCEAN SAND RESORT HOTEL WITH FULL AMENITIES/GOLF COURSE/TENNIS/MARINA/RETAIL ASSETS. 3-SEND CLEAN LOI FOR STARTING FIRM PRICE BID OF $40M, BUYER ATTORNEY 5% OF PSA/MIN OF $1M-NON-BINDING ESCROW LETTER/BUYER $100K-DEPOSIT RETAINER IS REQUIRED IN ORDER TO BE AWARDED EXCLUSIVE 60-DAY DD/PSA TO CORPORATE REAL ESTATE SOLUTIONS LLC & REGISTER NDA INSERT ASSET ID IN COMMENTS SECTION WITH CLEAN LOI USA BANK POF $40M TO 4-BUYER PREMIUM OF 5% DEPOSIT IS DUE 10-DAY EFFECTIVE PSA DAY/ FINAL AT SUCCESSFUL CLOSING. PLEASE, NO PHONE CALLS. FOR BEST RESULTS, GO TO CRESGLOBAL WEBSITE NDA & PROVIDE SUBMIT DATA. THANK YOU FOR YOUR COOPERATION. *PROPERTY ENTITLED FOR ADDITIONAL 200-MULTI-FAMILY OR CONDO UNITS RETAIL YTBD IN DD.KEY SOUTH FLORIDA TOURIST & LEISURE DESTINATION. PROPERTY LOCATION/DUE DILIGENCE & INSPECTIONS SHALL BE DISCLOSED TO FINANCIALLY APPROVED INVESTORS ONCE NDA IS APPROVED ONLY. LOCATED NORTH OF PALM BEACH FL RESORT ISLAND. Financial Summary Proforma Year Net Operating Income 2017 $9,738,125 Room Mix Information Description No. Rooms Avg. Rate 274-KEYS/50-SUITES COUNTRY CLUB STATUS 274 $200 ADDITIONAL LAND FOR 200-CONDO UNIT TOWER 200 $400 RESIDENTIAL/HOTELS/CONDO PROGRAM 200 $400 ADDITIONAL RETAIL/MIX USE SPACE 200 $400 CAPITAL IMPROVEMENTS DEPLOYED 200 $ /9

3 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE, Miami, FL Debt & Equity Information Debt Type Existing Loan Description PROPERTY PRE-APPROVED FOR 73% LTV. WE CAN ASSIST WITH CMBS 10/25 WITH 30% BANK POF ONCE RETAINED. Map of 1 ALHAMBRA PLAZA PH SUITE, Miami, FL (Miami-Dade County) 700 yds Additional Photos 3/9

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9 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE, Miami, FL Created 12/21/ /9