Investment Opportunity # 4 :
Proposed Investment: Assumed Initial Purchase $11.0 Mill USD
- 390 Rooms
- Interior Corridor
- 2 Story Building Outdoor
- Swimming Pool
- Lot’s of Common Space for Retail & Restaurants Plenty of opportunities with this parcel of land Minutes from Universal Studios and Outlet Shopping Mall.
This is a minimally operating property located on 9 acres in prime location on I Drive near Universal.
Currently, the property has 310 keys. For investment purposes this property should be considered as closed.
Currently Asking $19.0 Mill. However, we believe a reasonable price would be $11.0 Mill USD.
Scenario# 1 :
Purchase and Rehab Property
Estimated rehab costs: $10.0 Mill USD. Value upon rehab has been estimated at $40.0 Mill USD Potential gain: $18.0 Mill USD
Scenario # 2 :
Purchase and “Scrape” site for much larger project
The FLU (future land use) for this site is approved for 200 units/acre. So, a large project (5 star hotel or mixed use project) could be constructed.