HOTEL FULL SERVICE/MULTI-FAMILY

Size: px

Start display at page:

Download "HOTEL FULL SERVICE/MULTI-FAMILY"

Austen Hopkins
6 years ago
Views:

8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL CRESGLOBAL CRESGLOBAL PLS, NO PH CALLS. FOR BEST RESULTS EMAIL. THK YOU.

1 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL CRESGLOBAL CRESGLOBAL PLS, NO PH CALLS. FOR BEST RESULTS . THK YOU. (786) Hotel / Motel For Sale 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL Price: $25,000,000 No. Rooms: 238 Building Size: 103,375 SF Price/Room: $105, Property Type: Property Sub-type: Additional Subtypes: Hotel & Motel Full Service Economy/ Limited Service Mid/High-Rise Restaurant Property Use Type: Investment Commission Split: 0.75% Cap Rate: 11.42% Average Daily Rate: $125 RevPAR: $110 Average Occupancy: 93% No. Stories: 2 Year Built: 2011 Corridor: Lot Size: APN / Parcel ID: Parking Ratio: Interior 2 AC CRESGLOBAL.NET NDA SUBMIT IN COMMENT SECTION ASSET / 1,000 SF Listing ID Last Updated 2 days ago Find Out More... Highlights 1-2-DIAMOND FULL SERVICE HOTEL 4-STAR TRIPADVISOR STATUS/ADDITIONAL ENTITLED LAND TO HIT $2M NOI@90% REVENUE/122-UNITS IN Q FULL RESORT AMENITIES RESTAURANT/POOL/GYM/PARKING/ACCESS TENNIS/GOLF/EXERCISE/ WALKING COURSE/BIKING RENTALS/SHOPPING MALLS. 3-FULL SERVICE RESTAURANT TO 1AM/FREE WIFI/INCLUDES BREAKFAST/FREE 1/6

2 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL 3-FULL SERVICE RESTAURANT TO 1AM/FREE WIFI/INCLUDES BREAKFAST/FREE PARKING/FREE 24/365 AIRPORT SHUTTLE/RESTAURANT/CAR RENTAL ONSITE/TN RETAIL INCOME. 4-RECENT NEW ROOMS/COMMON AREAS/CAPITAL INVESTMENT $3.5M +/-PLUS NEW ROOF//HAVC/FF&E ALL QUANTIFIABLE IN DD PACKAGE BY SELLER. 5-KEY TOURIST MSA/HOTEL SMITH TRAVEL REPORT TOP PERFORMING MARKETS MSA MIAMI FL TOURIST MARKET. 6-CLEAN LOI WITH $21M BANK POF/$100K DEPOSIT/$1M BUYER'S ESCROW COMMITMENT LETTER TO BE APPROVED/AWARDED 60-DAY DD/PSA CLOSING FM EFFECTIVE DATE. Description *MIAMI INTL AIRPORT ULTRA CLEAN HOTEL/SELLER FINANCIALS/4-STAR FULL SVC HOTEL/ENTITLED LAND/FREE PARKING BREAKFAST/POOL/GYM & FULL RESTAURANT-GOLF- BIKING/TENNIS MORE... 1-FINANCIALLY PRE-QUALIFIED INVESTORS ONLY WILL BE CONSIDERED ONCE ALL BUYER'S REQUIRED FINANCIAL DELIVERABLE'S RECEIVED & APPROVED. 3-DIAMOND FULL SERVICE HOTEL 4-STAR TRIPADVISOR STATUS/ADDITIONAL ENTITLED LAND DEVELOPMENT TO HIT $1.4 NOI@90% REVENUE/122-UNITS IN Q2019 TO HIT $3.5M NO=$50M MARKET VALUATION ONCE FULLY INVESTED IN FY Q DEVELOPMENT PRE-FINANCED 40% CONSTRUCTION LOAN. ALL INVESTORS SHALL SEND CLEAN LOI WITH FIRM $21M USA BANK POF/PRE-FINANCING COMMITMENT LETTER/$1M BUYER'S ATTY ESCROW COMMITMENT LETTER TO BE AWARDED 60-DAY DD/PSA CONSIDERATION. ONCE APPROVED/ASSET INSPECTION & FINANCIAL DD PACKAGE SHALL BE DELIVERED. 2-$100K DEPOSIT REQUIRED@PSA SHALL BE CREDITED AT SUCCESSFUL CLOSING PLUS 2.1-USA BANK POF LETTER $21M. 2.2-$1M NON-BINDING COMMITMENT LETTER IS REQUIRED % BUYER PREMIUM DUE AT SUCCESSFUL CLOSING. IF NOT AWARDED, SHALL BE IMMEDIATELY RELEASED. 2.4-BUYER REGISTER NDA & SUBMIT IN COMMENT SECTION ASSET NDA *KINDLY SUBMIT CLEAN LETTER OF INTENT ON BUYER'S LETTERHEAD EXECUTED BY OFFICER WITH USA BANK POF TO CORPORATE REAL ESTATE SOLUTIONS LLC ASSET ID LEGAL NOTICE: PLEASE, NO CONTACTING OWNERSHIP OR STAFF. NO TRESPASSING. PROPERTY TOURS ONLY ONCE NDA/CLEAN LOI/BANK POF IS RECEIVED & APPROVED.KEY SOUTH FLORIDA TOURIST HOTEL MSA MARKET. NEAR MIAMI INTL AIRPORT/SHOPPING MALLS/20-MINS TO MIAMI BEACH/LINCOLN ROAD MALL BEACHES/CORAL GABLES & MORE. ONLY FINANCIALLY PRE- QUALIFIED APPROVED INVESTORS WILL BE PROVIDED ACCESS THIS TRANSACTION. NO EXPECTATIONS. INSPECTION SHALL BE ARRANGED ONCE FINANCIALLY APPROVED. NO EXCEPTIONS. Financial Summary Proforma Year Net Operating Income 2017 $4,000,000 Room Mix Information Description No. Rooms Avg. Rate MIX SF ROOMS/BALCONIES/ENTITLED LAND 116 $110 RETAIL INCOME PRODUCING TN LEASES. 122 $ /6

5M CAPITAL 122 $125 ADDITIONAL ENTITLED LAND

QUALIFIED INVESTORS WITH 30% CASH TO CLOSE.

yds Additional Photos http://www.loopnet.

3 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL Description No. Rooms Avg. Rate RENOVATED 2014/$3.5M CAPITAL 122 $125 ADDITIONAL ENTITLED LAND FOR 122-KEYS 122 $ NEW KEYS=$1.4M NOI PROFORMA Q $125 Debt & Equity Information Debt Type Existing Loan Description FREE OF DEBT/FLAG OF ENCUMBRANCES.WE CAN ASSIST ONCE RETAINED. ASSET PRE-APPROVED FOR CMBS 10/25, 70% LTV-NON-RECOURSE DEBT@MARKET RATE FOR PRE- QUALIFIED INVESTORS WITH 30% CASH TO CLOSE. Map of 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL (Miami-Dade County) 700 yds Additional Photos 3/6

4 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL "3-DIAMOND 4.5-STAR HOTEL KEY SOUTH FLORIDA MSA TOURIST HOTEL MARKET" "HOTEL IN AIRPORT MIA MSA MARKET" 4/6

5 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL 5/6

6 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE ASSET, Coral Gables, FL Created 12/9/ /6

HOTEL 4-DIAMOND RESORT RE-DEVELOPMENT OPPORTUNITY

HOTEL 4-DIAMOND RESORT RE-DEVELOPMENT OPPORTUNITY 8/22/2017 LoopNet -, Full Service, 1 ALHAMBRA PLAZA PH SUITE, Miami, FL CRESGLOBAL CRESGLOBAL PLS, NO PH CALLS. FOR BEST RESULTS EMAIL. THK YOU. (786) 319-0366 Hotel / Motel - Off-Market 1 ALHAMBRA PLAZA