Property Description

GET IN TOUCH FOR A DEAL (melonchesco@hotmail.com ) This beautiful boutique hotel is located in one of the fastest growing markets in Mexico, there's an abundance of business and leisure travelers year round due to the commercial port (the largest and most important in Mexico) and the picturesque views (Made famous by the film "10" starring Dudley Moore and Bo Derek). We have 108 ft. of prime beach front perfect for viewing the spectacular sunsets. There are 26 rooms and preparations for 8 or more additions. The swimming pool area has 1 large infinity edge pool that disappears into the horizon of the ocean, 1 big Jacuzzi, 1 kids pool, and a bar and restrooms. The restaurant is located over the reception area on the second floor. On the 7th level there is 2584 sq. ft. of meeting space in the form of our salon. The spacious salon has room for 100 people and can be used for meetings, weddings, parties, or even an additional restaurant. This area also has 323 sq. ft. of back of house space with a full kitchen for efficient F&B service, and of course a set of restrooms. This level can also be converted into a penthouse condo with an amazing view of Manzanillo bay, as such the 7th floor can be sold separately for $800,000 USD or best offers. For more information on the hotel and additional photos go to the hotel site: http://www.hotelitoescondido.com.mx , contact me at melonchesco@hotmail.com , or COME AND VISIT US! Average Daily Rates during low-mid season: Single/Double occupancy-$120 USD (Ocean view room with 1 King Bed, Jacuzzi and balcony) Triple/Quad occupancy-$140 USD (Ocean view room with 2 Dbl Beds and balcony) 3-5 PEOPLE-$160 USD (Ocean view room with 2 Dbl Beds, sofa and kitchenette). ADR during high season: Single/Double Occ. $180-$200 USD, Triple/Quad Occ. $180 USD, 3-5 PEOPLE $180 USD. The hotel is located in the Las Brisas beach area, which is undergoing a new construction boom with many new properties being built and sold, this will bring the equity value higher every day with the likelihood that in five years this property will double in price, much like Los Cabos 5 years ago or Puerto Vallarta 10 years ago. Manzanillo is a beautiful city with many multi-national services, entertainment, retail, and fast food; like Burger King, Wall Mart, Kentucky Fried Chicken, Starbucks coffee, Office Max, Office Depot, and Dairy Queen to name a few. For shopping there are Malls, many good local restaurants, discos, bars, etc... Additionally, 60 Cruise Ships come each year with 4,500 people per cruise. Adding a large self sustaining secondary market of day tourists to sell services to. More importantly the commercial ships are also increasing in traffic, due to a new port expansion project that will triple the cargo ship capacity the port can handle. In addition a new world class industrial complex is being build with yet another a new port complete with industrial canals. This unique project will bring in many factories further increasing the economy and growth in Manzanillo. Las Brisas itself is located in the back yard of the new harbor and ports, thus pitting the hotel in an area surrounded by the greatest demand generator for a rapidly growing business traveler segment. As a developer, my business is to build to suit and then to sell. This is why I am selling the hotel. Since opening, we have set up a locally negotiated rate with one of the dredging companies that is working on the port expansion. As a result we've experienced 100% OCCUPANCY since December 1st of 2008 until September of 2009. This contract has been continually renewed and has managed to keep the hotel full virtually year round, while leaving it open in high season to sell the rooms for peak profit. While still not finalized, the contract will more than likely be renewed again for approximately 2 more years, or however long the port development continues. So we will be full for all that time, come and see by yourself.

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