- Colorado Springs, CO
- Votes |
Need Private Money Lender(s) for Ski Resort Hotel in Colorado
I need your help to take down a Colorado Ski Resort Hotel
It's the only hotel in the valley due to land restrictions (others over 15 miles away), Ski Resort just bought another mountain for expansion, land open for value-add cabins.
- Primary Lien position $4m for acquisition, 30yr @ 5% interest; Balloon at 10yrs (terms negotiable)
- Secondary lien position $2-4m for renovation after closing, 30yr @ 5% interest; Balloon at 10yrs (terms negotiable)
- Closing January 2023
Scope of Work: Full renovation of rooms, restaurant, wedding venue, and common spaces through Evolution Hospitality (affiliate of Aimbridge Hospitality); the place needs new management and a renovation for optimized returns, while the non-optimized gross monthly income is estimated at $157,000 (55% occupancy) and optimized gross monthly income estimation is upwards of $215,000/mo (75% occupancy).
I have 5 trailing years of P&L, structural and CAPEX inspection reports, and I am in direct negotiations with the motivated sellers.
The hotel has 90-keys consisting of single rooms and suites, a banquet hall, restaurant, coffee shop space, two indoor basketball courts, two retail spaces, an indoor pool, outdoor hot tubs, an indoor gym, a heart-shaped lake fed by a tributary of the Arkansas River, and a bridge above a year-round waterfall leading to the 1200 mile-long Colorado Trail. The ski resort is approximately 3.5 miles away which the hotel uses a new ADA accessible bus to bring skiers and summer adventure sports seekers to. This hotel is the only hospitality business directly serving the famous Colorado Ski Resort (unaffiliated).
Terms are negotiable and equity Partnership is on the table.
- Votes |
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