Cabo Rojo Beachfront Resort with Dock

Highlights:

• Based on a 2022 Feasibility Study performed by Boutique Hotel Advisors,Park City Utah:" likely stabilized revenue per annum of the hotel development described in the report and operated under competent management, the projections are annual revenues in excess of $7,000,000 USD (SEVEN MILLION UNITED STATES DOLLARS) and the net operating income available for debt service should exceed $2,700,000 USD (TWO-MILLION SEVEN-HUNDRED THOUSAND UNITED STATES DOLLARS). THE CONCLUDING FUTURE ECONOMIC VALUE OF THE SUBJECT PROPOSED HOTEL IS $52,724,952 (FIFTY-TWO MILLION SEVEN-HUNDRED TWENTY-FOUR THOUSAND) UNITED STATES DOLLARS"
• OPPORTUNITY ZONE
• TOURISM ACT 60 (30-40% return in tax credits for both acquisition and renovations)

Description:

This abandoned resort property consists of (12) buildings (28 rooms), 3 pools, gazebos, bar /restaurant, spa, dock and parking. Included in the package is the adjacent property of (16) two story villas. Located on 1,000 feet of beachfront on the tranquile and scenic shores of Bahia Salinas where guests will enjoy tropical breezes and amazing sunsets. A new remodel and redesign will restore the property to its former glory. Walking distance to the Cabo Rojo lighthouse and minutes from Combate Beach. The area is prime for investment as it was just recently announced that the Ruben Brothers from England are developing a $2 Billion project on 25 acres just down the road.