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id564
IDEAS FOR AN INVESTMENT PARTNER
Four ideas:
1)We sell 100% of a finished resort. We manage the construction of the resort including all furniture. The new owner manages the hotel, 2 restaurants, bar, stores, gym and spa. The new owner can sell apartments (condos) or keep ownership.
The value of the finished resort is:
149 condos consisting of :
2 BEDROOMS
3 BEDS AND SOFA BED
KITCHEN
DINING & LIVING AREAS
FULL BATHROOM AND POWDER ROOM
TOTAL: 69.35 M2 + TERRACE 10,70M2 + STORAGE 2,37 M2
at estimated average of $230,000 per unit = $34,270,000
Plus
Hotel, 2 restaurants, bar, stores, gym and spa 1500 sq.m. @$2990/sq.m.= $4,485,000
TOTAL......................................................$38,755,000
DISCOUNT for BUYER............................ 9,000,000
SALES PRICE...........................................$29,755,000..................50% now and 50% upon completion
2) We sell the land with the project (no construction).........................$7,000,000
Estimated profit for buyer is 38,755,000-7,000,000- const. 20,000,000= $11,755,000
3) We sell 50% of the land and project and we sell 100% of the hotel admin building, 2 restaurants, bar, stores, gym and spa and we are 50-50 partners in selling and construction of the condos.
The value is:
50% of $7,000,000 for the land and project.....................$3,500,000
PLUS
Selling price of hotel, 2 bars, 2 rest., gym, spa.....................$4,485,000
OR
The buyer leases the hotel,2 bars, 2 rest, gym, spa
Estimated profit for the buyer is 50% of (38,755,000-7,000,000- const. 20,000,000= $11,755,000)=$5,877,000 +profit from hotel etc.
Annual gross profit of the hotel:
-assume 50% occupancy and a conservative room rate of $150
-assume that the hotel operator pays the condo owners 50% of revenues
149 condos x 180 days @ $150 x 50% = $2,011,500 gross profit per annum
-costs for administration, marketing, maintenance, utilities etc. have not been estimated
-profits from the 2 restaurants, 2 bars, gym and spa have not been estimated
4) We sell 50% of the project and we are partners 50/50 going forward.
Investor pays for 50% of $7,000,000..............................................$3,500,000 Investor provides funding for construction. We continue to manage the project to completion. Partners share in profits 50/50.