$33,000,000

> COMPLETELY RENOVATED

> PRICE $33,000,000 + FEES

>

> • 46 Rooms in total - (42 rooms - 4 Jr Suites facing Ocean Drive)

> • Completely stripped and renovation ongoing to be completed by January with hurricane proof impact glass, new electrical and plumbing

> • To be positioned as Luxury Boutique Hotel with prestigious South Beach location-

> • Very tastefully done with high end finishes from all around the world.

> • Bar with full liquor license

> • Restaurant with approximate 15 tables

> • The Restaurant is calculated with a lease for $25,000 per month

> • The Restaurant can be run by the new owner and can bring in higher revenues

> • ADR (average daily rate) is projected between $275 - $325 per night

> • Expenses are projected at 45%

> • Occupancy is projected between 75% - 85%

> • Cap rates are projected between 6.8% - 9% with a purchase price of $33,000,000

>

> For financials and full details, please provide POF + NDA + LOI