Excellent Branding Opportunity in Manzanillo, Mexico. This is a former timeshare resort with 32 units/villas that easily can be expanded and converted.
This property was built in 1997 as a timeshare resort and is privately held by the owner of a Mexican steel company.
The owner wishes to exit the hotel business and sell the property at favorable terms.
The hotel currently has 32 suites with the following mix:
6 Suites @ 150 square meters
11 Suites @ 125 square meters
6 Suites @ 100 square meters
9 Suites @ 55 square meters
The two and three bedroom suites are suitable for conversion to individual units to create additional keys almost immediately.
The lot is 33097 SQM with 4274 SQM of construction and extremely suitable for expansion.
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